Gala Technology (02458.HK): Sells 3,000 Micron Shares; Combined with Previous Sales Constitutes Discloseable Transaction

Gala Technology Holding Limited (02458.HK) announced that during the period from April 16 to April 21, 2026, the company sold an aggregate of 8,720 Micron Technology shares on the open market for a total consideration of USD3,963,143.112 (excluding transaction costs). The previous disposals were completed prior to the date of this announcement. As none of the applicable percentage ratios in respect of the previous disposals exceeded 5%, the previous disposals did not constitute a discloseable transaction under Chapter 14 of the Listing Rules.

The board announced that on July 3, 2026, the company sold 3,000 Micron Technology shares on the open market for a total consideration of USD3,031,278.95 (excluding transaction costs), determined based on the bid and ask prices quoted on the Nasdaq Stock Exchange at the time of the transactions. The total consideration was paid in cash upon completion. Following completion of the disposal, the company still holds 5,003 Micron Technology shares.

As the disposal was realized within 12 months from the date of the previous disposals, under the Listing Rules, the disposal and the previous disposals should be aggregated. As the highest applicable percentage ratio after aggregation exceeds 5% but is below 25%, the aggregated disposal and previous disposals constitute a discloseable transaction under Chapter 14 of the Listing Rules, subject to reporting and announcement requirements.

The group expects to recognize a gain of approximately USD1,913,362.79 from the disposal proceeds of USD3,031,278.95, being the difference between the consideration received (before deducting transaction costs) and the relevant investment cost. The disposal proceeds are intended to be used as the group's general working capital and future investment funds.

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