HIPINE (02583.HK): Controlling Shareholder Li Linmao Sells 100,000 Shares On-Market at HKD 45.63

NewTimeSpace News: Shenzhen Hipine Precision Technology Co., Ltd. (stock code: 02583) voluntarily announced on 14 October 2026 that Mr. Li Linmao, a controlling shareholder of the Company, notified the Board that on 14 October 2026 he disposed of an aggregate of 100,000 issued shares of the Company on the trading platform of the Stock Exchange through an on-market transaction at an average price of HKD 45.63 per share, representing approximately 0.17% of the total issued shares of the Company as at the date of the announcement.

The announcement stated that the disposal was conducted on the open market and that, after reasonable enquiries, the Company is not aware of the identity of the counterparties or their respective principal business activities. As at the date of the announcement, the Company had 58,825,000 H shares in issue; immediately after the disposal, Mr. Li's shareholding decreased from 6,600,000 H shares (approximately 11.22% of the total issued shares) to 6,500,000 H shares (approximately 11.05%).

The Company further stated that Mr. Li Yongzhong, Mr. Hu Shaohua, Mr. Li Shuo and Mr. Li Linmao, as controlling shareholders of the Company and as persons deemed to be interested in shares held by other parties under the acting-in-concert agreement, together held an aggregate interest in 29,700,833 H shares (approximately 50.49% of the total issued shares), which decreased to 29,600,833 H shares (approximately 50.32%) following the disposal, and they remain controlling shareholders of the Company. The Board expects that the disposal will not have a material impact on the business operations, financial position or management structure of the Group, nor will it affect the normal business development and daily operations of the Company.