ALLEGRO CULTURE (00550): Chen Jiajun no longer holds shares in the company.

ALLEGRO CULTURE (00550) announced that the Board was informed by Litian Global Limited, a substantial shareholder of the Company, that Mr. Chen Jiajun sold all of the issued share capital of Litian held by him to Direct Ascent Intelligent Investment Co., Limited on September 9, 2026. As at the date of this announcement, Litian holds approximately 123 million shares of the Company, representing approximately 27.01% of the total issued share capital of the Company. Following the sale, Mr. Chen Jiajun will no longer have any interest in the shares. As at the date of this announcement, Direct Ascent is held as to approximately 63% by RUNXI International Co., Limited and as to approximately 37% by Mr. Ma Changwei, the chairman and non-executive director of the Company. RUNXI International is held as to approximately 82.4% by RUNXI Investment Co., Limited, a company wholly owned by Ms. Clara Cheung, a director of certain subsidiaries of the Company, and as to approximately 17.6% by Mr. Gan Peng, an executive director of the Company.