SHENGHUI CLEAN (02521) main shareholder Riuchu Cleaning Investment Holdings plans to sell 19% of the company's equity to Dongguan Huali (603038.SH).

SHENGHUI CLEAN (02521) announced that on January 16, 2026, the company's major shareholder, Sunrise Clean Investment Holdings Limited (the seller) (wholly owned by executive director Mr. Chen Liming), has entered into a conditional sale and purchase agreement with Wah Lap (Asia) Industrial Co., Ltd. (the buyer) regarding the sale of approximately 370 million ordinary shares of the company, equivalent to 19% of the issued shares as of the date of this announcement. The buyer is a wholly-owned subsidiary of Dongguan Wah Lap (603038.SH). Upon completion of the sale, and assuming no change in the total number of issued shares as of the date of this announcement and during the completion of the sale, (a) the seller will continue to hold approximately 122.8 million shares, equivalent to approximately 6.3% of the issued shares as of the date of this announcement, and will no longer be a major shareholder of the company; and (b) the buyer will have an interest in approximately 370 million shares, equivalent to approximately 19% of the issued shares as of the date of this announcement, and will become a major shareholder of the company.