QIDIAN GUOFENG (01280.HK): Substantial Shareholder Pledges 14.33%

NewTimeSpace News: On 21 September 2026, China Qidian Guofeng Holdings Limited (stock code: 01280.HK) announced that its substantial shareholder, Noble Trade International Holdings Limited, had entered into a tripartite share charge agreement dated 21 September 2026 with lender HK Saint Next Investment Limited and chargee Pioneer Elite Assets Limited. Under the agreement, the shareholder created a fixed charge, rather than a floating charge, in favour of the chargee over 277,047,032 ordinary shares, representing approximately 14.33% of the Company's issued share capital as at the date of the announcement, to secure all debts, liabilities and obligations owed by the shareholder to the lender, comprising a principal amount of HKD 50,800,000 together with accrued interest, default interest and other sums payable. The principal and all accrued interest are repayable within one year from the date of the share charge agreement.

The shareholder is wholly owned by Mogen Ltd., which is in turn wholly owned by Yuan Li, chairman and executive director of the Company, through Greatssjy Co., Ltd. As at the date of the announcement, the shareholder held 277,047,032 ordinary shares, representing approximately 14.33% of the Company's issued share capital. The chargee is a company incorporated in the British Virgin Islands and the sole shareholder of the lender, holding the security interest for the lender's benefit; if the shareholder defaults and the default continues, the chargee may enforce the charge and apply the proceeds to repay the secured obligations owed to the lender. The announcement stated that the chargee, the lender and their respective ultimate beneficial owners are independent third parties of the Company and its connected persons, and that the share pledge does not fall within the scope of Rule 13.17 of the Listing Rules.

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