YUNFENG FIN (00376) Restructures Licensed Entity Framework, to Sell Entire Issued Share Capital of YFML

YUNFENG FIN (00376) announces that on September 18, 2026, the Company (as seller) entered into a sale and purchase agreement with Mega (as buyer), YFML (the target company), and Mr. Yu Feng (as guarantor), pursuant to which the Company has agreed to sell and the buyer has agreed to purchase the sale shares, representing the entire issued share capital of YFML. Upon completion of the disposal, the Company will continue to carry on regulated activities as prescribed under the Securities and Futures Ordinance through its two other wholly-owned subsidiaries, namely Yunfeng Securities Limited and Yunfeng Asset Management Limited. Among them, Yunfeng Securities Limited has upgraded its existing Type 1 (dealing in securities) regulated activity licence to provide virtual asset trading services through an omnibus account arrangement with an SFC-licensed platform. The disposal is part of the Company's initiative to restructure its licensed entities, with the aim of simplifying the overall licensing structure and eliminating overlapping functions. In line with the Group's long-term strategic goal of fully developing its digital asset and digital finance businesses, the Company will further strengthen the roles of Yunfeng Securities Limited and Yunfeng Asset Management Limited as core licensed platforms, while YFML, lacking a clear positioning and finding it difficult to play a substantive business role within the Group, will be disposed of. The Company currently has three wholly-owned subsidiaries, all of which are licensed entities, including: Yunfeng Securities Limited (licensed to carry on Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities); Yunfeng Asset Management Limited (licensed to carry on Type 4 (advising on securities) and Type 9 (providing asset management) regulated activities); and YFML (licensed to carry on Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (providing asset management) regulated activities). The above regulated activities are all pursuant to the provisions of the Securities and Futures Ordinance.