ZG Group (6676.HK): Multiple Shareholders Sell Down to Zero; Trustee Accumulates 6.41% for Share Award Scheme

NewTimeSpace News: ZG Group (stock code: 6676) issued a voluntary announcement on July 17, disclosing the latest updates on shareholder equity changes, share repurchases and the share award scheme.

According to the announcement, from the listing date to the date of the announcement, several shareholders have sold more than 5 million shares. HSG CV IV Holdco, Ltd., Success Path Enterprises Limited, Quick Returns Ventures Limited and Toasto Time Limited have sold 37,179,908, 43,743,709, 21,926,228 and 5,002,000 Class A shares respectively, representing approximately 3.47%, 4.08%, 2.05% and 0.47% of the total issued shares. Immediately following the sales, the above shareholders no longer hold any interest in the Company.

MPC II L.P. and MPC II-A L.P. have sold 60,290,046 and 6,698,892 Class A shares respectively, representing approximately 5.63% and 0.63% of the total issued shares. Immediately following the sales, they hold 21,152,038 and 2,350,228 Class A shares respectively, representing approximately 1.97% and 0.22% of the total issued shares.

Shareholder Fatcat International Limited has sold 11,788,150 Class A shares, representing approximately 1.10% of the total issued shares. Immediately following the sale, Fatcat holds 161,356,983 Class A shares, representing approximately 15.06% of the total issued shares, and remains a substantial shareholder. The Company believes that the above share sales will not have a material impact on the Group's business operations and financial condition.

Regarding share repurchases, from the September 29, 2025 announcement to the date of this announcement, the Company has repurchased a total of 460,500 Class A shares from the open market and holds them as treasury shares.

In addition, for the purpose of granting share awards under the share award scheme, the trustee, Kaixintong Trust (Hong Kong) Limited, has purchased a total of 68,725,437 Class A shares in the market, representing approximately 6.41% of the total issued shares.

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