MTT GROUP (02350) has been informed that controlling shareholder QH Technology sold a total of 127 million shares.

MTT GROUP (02350) announced that after September 24, 2026 (during the Stock Exchange trading session), QH Technology Holdings Limited (QH Technology), the controlling shareholder of the Company (wholly beneficially owned by Mr. Yan Wei, the Chairman and an executive director of the Company), has entered into agreements to sell an aggregate of 127 million shares of the Company (representing approximately 14.56% of the issued share capital of the Company as at the date of this announcement) (the Proposed Transactions). In respect of the sale of an aggregate of 63.8 million shares (representing approximately 7.29% of the issued share capital of the Company) under the Proposed Transactions, two purchasers have undertaken that, within 18 months from the date of completion of the relevant sale and purchase: (a) they shall not sell, transfer, assign or otherwise dispose of the subject shares; and (b) they shall not exercise the voting rights attached to the subject shares at any general meeting of the Company to vote against any resolution supported by QH Technology. Prior to the completion of the Proposed Transactions and as at the date of this announcement, QH Technology held 321 million shares (representing approximately 36.74% of the issued share capital of the Company). Upon completion of the Proposed Transactions, assuming there is no change in the issued share capital of the Company, QH Technology will hold 194 million shares (representing approximately 22.18% of the issued share capital of the Company).