FUTONG TECH(00465): Unusual price and volume changes in the stock.

FUTONG TECH (00465) announced that the Board of Directors of the company noted the recent unusual price and trading volume fluctuations of the company's shares. The Board was informed by the Chairman and Executive Director, Mr. Chen Jian (Mr. Chen), that on April 2, 2026, he entered into a memorandum of understanding with an independent third party potential buyer (potential buyer) for the possible purchase or sale of 187 million shares of the company (representing approximately 60.21% of the company's issued share capital as at the date of this announcement), which once completed, may result in a change in control of the company and a mandatory general offer under the Takeover Code for all issued shares of the company (excluding shares already owned or agreed to be acquired by the potential buyer and persons acting in concert with it). The Board has conducted all necessary inquiries and confirmed that, apart from the above disclosure, they are not aware of any reasons leading to the fluctuations in share price and trading volume, any information that should be disclosed to prevent false markets in the company's securities, or any inside information that needs to be disclosed in accordance with the Securities and Futures Ordinance.