SOMERLEY CAP (08439) intends to sell a certain number of shares held by the controlling shareholder. Trading will resume on April 14th.

SOMERLEY CAP (08439) announcement: The Board of Directors has noticed recent unusual price and trading volume movements in the company's shares. In relation to these movements, the controlling shareholder of the company, Success Glory International Limited (SGL), informed the Board that they are currently in discussions with an independent investor (potential investor) regarding a possible transfer of certain shares held by SGL to the potential investor. If the transaction materializes, it may result in a change of control of the company and trigger a mandatory general offer under Rule 26.1 of the Takeovers Code. As of the date of this announcement, (i) SGL holds interests in 84,938,190 shares, representing approximately 57.9% of the total issued share capital of the company. SGL is wholly owned by Mr. Sabine Martin Nevil, Mr. Fletcher John Wilfred Sword, Mr. Zhuang Disheng, and Ms. Fang Xiuwen, with their respective shareholding in SGL being approximately 57.1%, 20.5%, 12.9%, and 9.5%. In addition to their interests through SGL, Mr. Sabine, Mr. Fletcher, and Mr. Zhuang also directly hold 342,000 shares, 50,000 shares, and 2,879,157 shares respectively. Therefore, SGL, Mr. Sabine, Mr. Fletcher, and Mr. Zhuang collectively hold interests in 88,209,347 shares, representing approximately 60.1% of the company's total issued share capital; and (ii) discussions regarding the potential transaction are ongoing, but no final agreements have been reached with the potential investor yet. Furthermore, the company has applied to the Stock Exchange for the resumption of trading of its shares on the Stock Exchange from 9:00am on April 14, 2026.