FRIENDTIMES (06820.HK): Controlling Shareholder Increases Stake by 1.6 Million Shares, Interest Rises to Approximately 57.51%

NewTimeSpace News: On 28 August 2026, FriendTimes Inc. (stock code: 06820) issued a voluntary announcement stating that Mr. Jiang Xiaohuang, an executive director, chairman of the Board and the controlling shareholder of the Company, had informed the Board that Warm Sunshine Holdings Limited purchased 1,600,000 shares of the Company on the open market on 26 August 2026, representing approximately 0.07% of the total issued share capital of the Company as of the date of the announcement.

According to the announcement, immediately after the share purchase, the number of shares held by Warm Sunshine increased from 197,086,000 to 198,686,000 shares, while the number of shares in which Mr. Jiang has an interest increased from 1,252,508,157 to 1,254,108,157 shares, representing approximately 57.51% of the total issued share capital of the Company as of the date of the announcement.

The Board considers that the share purchase demonstrates the controlling shareholder's confidence in the long-term development and prospects of the Company. The announcement noted that the Company maintains sufficient public float of its issued shares after the purchase, and that the purchase does not trigger any mandatory general offer obligation of the controlling shareholder under the Codes on Takeovers and Mergers and Share Buy-backs; the Company will disclose relevant information in a timely manner when necessary in accordance with the Listing Rules and applicable laws and regulations.

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