LINGYI ITECH (01688.HK): Controller plans H-share purchase
- Zeng holds 108,536,846 A shares directly and 4,139,524,021 A shares through Lingsheng Investment (Jiangsu) Co., Ltd., which she controls.
- She has undertaken not to dispose of any shares during the implementation period and the applicable lock-up periods and to complete the plan within that period.
NewTimeSpace News: On 29 October 2026, Lingyi iTech (Guangdong) Company (stock code: 01688) announced that Zeng Fangqin, its actual controller, chairman and general manager, plans to buy RMB 100 million to RMB 200 million of its unrestricted H shares within 12 months from 30 October 2026, through on-market trades on the Stock Exchange with no price range, funded by her own and/or self-raised resources.
As of the announcement date, Zeng owns 4,248,060,867 A shares, about 51.99% of the total issued share capital, including 108,536,846 A shares held directly and 4,139,524,021 held through Lingsheng Investment (Jiangsu) Co., Ltd., which she controls. She will not dispose of any shares during the implementation period and lock-up periods, will complete the plan within that period, and made no disposals in the past six months. The plan will not change control or breach the public float requirement, but is not guaranteed to proceed as planned.
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