Great Harvest's CEO, Lin Qun, was forced to sell 1.0975 million shares of the company's stock. The trading during the lock-up period is considered a special circumstance.
Rongfengyi Holdings (03683) announced that the Board of Directors was informed by the company's Chief Executive Officer, Ms. Lin Qun, that 1.0975 million shares of the company held by Yao Feng Investment Limited (Yao Feng) in a securities account with margin financing arrangement have been forced to be sold in the market on May 13, 2026, as they failed to meet the requirements for additional purchases. Yao Feng is a company in which Ms. Lin Qun owns a 49% stake.
GREAT HARVEST (03683) announced that the Board of Directors was informed by the Company's CEO Ms. Lin Qun that Yau Fung Investment Limited (Yau Fung) beneficially owned and held 1,097,500 shares of the company (approximately 0.12% of the total issued shares as of the date of this announcement) in a securities account with margin financing arrangements, which were forcibly sold on the market on May 13, 2026 due to not meeting the margin call requirements. Yau Fung is a company in which Ms. Lin Qun owns a 49% stake.
According to Appendix C3 Section A.3(a)(i) of the listing rules, directors are prohibited from trading in any securities of the company during the blackout period of any day on which the company's financial performance is published and the 60-day period prior to the publication date of the annual performance. The board meeting for the publication of the company's annual performance for the year ended March 31, 2026 is tentatively scheduled to be held by the end of June 2026. Therefore, the sale transaction was conducted within the blackout period. After considering the above circumstances involving Ms. Lin Qun, the directors believe that the sale transaction conducted during the blackout period falls under special circumstances.
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