PROSPEROUSPRINT (08385): Billion Power Credit has become a major shareholder of the company, trading resumes on September 21.

date
19:57 18/09/2026
avatar
GMT Eight
PROSPEROUSPRINT (08385) announced that on September 18, 2026, the board of directors and the directors of the Company were informed by Mr. Lin Sanming, the chairman of the board and an executive director, that (i) First Tech Inc. (First Tech), a company incorporated in the British Virgin Islands and wholly and beneficially owned by Mr. Lin Sanming, had previously provided 31.212 million ordinary shares of the Company held by it (such shares, the "Charged Shares") to Billion Power Credit Limited (the Lender) as security for a loan granted by the Lender to First Tech; and (ii) as the loan was not repaid, the Lender has exercised its security rights over the Charged Shares.
PROSPEROUSPRINT (08385) announces that on September 18, 2026, the board of directors and the directors of the Company were informed by Mr. Lin Sanming, Chairman of the Board and Executive Director, that (i) First Tech Inc. (First Tech), a company incorporated in the British Virgin Islands and wholly and beneficially owned by Mr. Lin Sanming, had previously provided 31,212,000 ordinary shares of the Company held by it (such shares referred to as the "Charged Shares") to Billion Power Credit Limited (the Lender) as security for a loan granted by the Lender to First Tech; and (ii) as the loan was not repaid, the Lender has exercised its security rights over the Charged Shares. According to Mr. Lin Sanming, on September 18, 2026, all the Charged Shares were transferred to the Lender pursuant to the exercise of the security rights. Immediately prior to such transfer, First Tech held 31,212,000 shares, representing approximately 29.90% of the issued shares, and Mr. Lin Sanming and his spouse, Ms. Yao Yuan, were deemed to have interests in such shares through First Tech. Upon completion of such transfer, none of First Tech, Mr. Lin Sanming and Ms. Yao Yuan held or had any interest in any shares, and First Tech has ceased to be a substantial shareholder of the Company. Upon completion of such transfer, the Lender held 31,212,000 shares, representing approximately 29.90% of the total number of issued shares, and has become a substantial shareholder. To the best of the directors' knowledge, information and belief after having made all reasonable enquiries, save for the security interest the Lender had over the Charged Shares prior to such transfer, the Lender and its ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. Mr. Lin Sanming remains as the Chairman of the Board and Executive Director. As at the date of this announcement, the Board is not aware of any change in the composition of the Board, the management of the Company, or the business and operations of the Company and its subsidiaries as a result of such transfer. In addition, the Company has applied for resumption of trading in the shares with effect from 9:00 a.m. on September 21, 2026.