VGT (02476.HK): Internal Equity Restructuring of Controlling Shareholder's Upper-Level Shareholders; Control Unchanged

NewTimeSpace News: On 28 August 2026, Victory Giant Technology (HuiZhou) Co., Ltd. (stock code: 02476) disclosed an internal equity restructuring of Huizhou Hongda Investment Development Co., Ltd., the upper-level shareholder of the controlling shareholder Shenzhen Shenghua Xinye Investment Co., Ltd. and its concert party Shenghong Technology Group (Hong Kong) Co., Ltd. Mr. Chen Tao, the actual controller, transferred his 39% equity interest in Shenghua Xinye and 35% equity interest in Hongda Investment to his spouse Ms. Liu Chunlan, and the parties signed an acting-in-concert agreement under which Ms. Liu will act in concert with Mr. Chen and exercise voting rights in accordance with his instructions in respect of her directly and indirectly held shares in the Company.

According to the announcement, following the restructuring, Mr. Chen holds 51% and Ms. Liu holds 49% of Shenghua Xinye, with each holding 35% of Hongda Investment. The restructuring is an intra-family arrangement of the actual controller and does not change the controlling shareholder or the actual controller , does not trigger a mandatory offer, and the number, percentage and voting rights of shares held by the controlling shareholder and its concert party remain unchanged, with no impact on the Company's governance or normal operations.

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