SINOFORTUNE FIN (08123) is planning to acquire approximately 29.1% of the shares from director Wang Jiawei and resume trading on June 24th.

SINOFORTUNE FIN (08123) announced on June 15, 2026, Mr. Wang Jiawei (subscriber and offeror) of the company entered into a subscription agreement. The company will issue approximately 215 million capitalization shares to Mr. Wang Jiawei, accounting for approximately 62.5% of the issued share capital after the issuance and capitalization of shares. The capitalization issue price is HK$0.1 per share, representing a discount of approximately 29.1% from the market price of HK$0.141 per share on the Exchange. Mr. Wang Jiawei is required to pay a subscription price of HK$21.5499 million according to the subscription agreement, which must be paid by offsetting the amount owed to Mr. Wang Jiawei by the company in the form of shareholder loans. Following the completion of the subscription agreement, Mr. Wang Jiawei and his concert parties will collectively have interests in approximately 253 million shares, equivalent to approximately 73.51% of the total issued share capital after the issuance and capitalization of shares. According to Rule 26.1 of the Takeover Code, after the completion of the subscription agreement, Mr. Wang Jiawei must make a mandatory unconditional cash tender offer for all issued shares (excluding any shares already owned or agreed to be acquired by Mr. Wang Jiawei and his concert parties (excluding Ms. Li)). The offer price is HK$0.1 per share, and Mr. Wang's maximum payment liability under the offer is approximately HK$9.1341 million. In addition, the company has applied to the Stock Exchange for the trading of shares to resume from 9:00 am on Wednesday, June 24, 2026. It is reported that Mr. Wang Jiawei is a major shareholder as of the date of this joint announcement and will become the controlling shareholder after the issuance and capitalization of shares. Mr. Wang Jiawei has been serving as an executive director and a member of the Company's nomination committee since May 2013. He was also appointed as the Chairman and Chief Executive Officer of the Company and a member of the Company's Remuneration Committee since September 22, 2015. He is a director of several subsidiary companies of the group.