FRIENDTIMES (06820) was acquired by its controlling shareholder Jiang Xiaohuang with an additional 1.23 million shares.

The board of directors of FRIENDTIMES (06820) has announced that Mr. Jiang Xiaohuang (Mr. Jiang, Executive Director, Chairman of the Board and controlling shareholder of the Company) has informed that Warm Sunshine Holdings Limited (Warm Sunshine) purchased 1.23 million shares of the Company in the public market on June 30, 2026 (share purchase), representing approximately 0.06% of the total issued share capital of the Company as of the date of this announcement. Following the share purchase, the number of shares held by Warm Sunshine increased from 196 million shares to 197 million shares. Following the share purchase, the number of shares owned by Mr. Jiang increased from 1.251 billion shares to 1.253 billion shares, representing approximately 57.43% of the total issued share capital of the Company as of the date of this announcement. The board of directors believes that the share purchase demonstrates the confidence of the controlling shareholder in the Company's long-term development and prospects.