The major shareholder Zhang Ming of SOUTH MANGANESE (01091) sold a total of 535 million shares of the company.

SOUTH MANGANESE (01091) announces that Mr. Zhang Ming, a major shareholder of the company, has submitted a disclosure notice regarding the sale of his shares in the company on January 28, 2026. On that day, Mr. Zhang sold a total of 535 million shares of the company, equivalent to approximately 10.83% of the total issued shares of the company, at an average selling price of HK$0.24 per share (the "sale"). Following the completion of the sale, Mr. Zhang no longer holds any shares and is no longer a major shareholder of the company.