Long Wing Airlines (00918) majority shareholder Zhang Jinbing intends to transfer shares. The potential buyer is Lianjie Qichen Capital.

MAJESTIC DRAGON (00918) announces that the Board of Directors has received a notice from Always Profit Development Limited (wholly owned by Mr. Zhang Jinbing, a major shareholder of the Company holding 5.27 billion shares, equivalent to approximately 47.32% of the issued shares of the Company) (collectively referred to as the "Potential Seller"), regarding their potential sale of certain shares of the Company. They have entered into a non-legally binding letter of intent with Beijing Qichen Investment Management Co., Ltd. (a venture capital management company registered and established in the China Association of Asset Management in 2019) or other buyers facilitated by the Potential Buyer, at an indicative price of around HK$0.5475 per share. Qifor Capital is headquartered in Beijing, with teams in Shanghai and Hangzhou, focusing on advanced manufacturing, commercial aviation aerospace, advanced materials, and other areas. They manage 29 RMB funds, covering numerous top funds and hundreds of high-growth projects, with approximately 20 already listed. They work with governments across the country to promote industry incubation and cluster development through the "industry + innovation + investment" model. The sale of shares and the actual number of shares sold will depend on, among other things, due diligence conducted by the Potential Buyer, the formal share purchase agreement ("Formal Agreement") entered into by the parties, and relevant regulatory approvals. Except for provisions relating to exclusivity, confidentiality, costs and expenses, termination, and regulatory laws, the letter of intent is not legally binding. The exclusivity provisions will expire on July 31, 2026.