DELTON (01989.HK): controlling shareholder plans A/H-share purchase of RMB50-100 million over six months

NewTimeSpace News: According to the HKEX on October 29, Delton Technology (Guangzhou) Inc. ("Delton", 01989.HK) announced that its board was informed on October 29, 2026 by controlling shareholder Guangzhou Zhenyun Investment Co., Ltd. ("Zhenyun Investment", 99.90% owned by chairman and executive director Xiao Hongxing) of its plan to increase its shareholding in the company's A and H shares.

According to the announcement, based on confidence in the company's future prospects and recognition of its long-term investment value, Zhenyun Investment plans to buy the company's A and H shares through the Shenzhen Stock Exchange trading system (including Stock Connect) and the HKEX system by way of centralized bidding within six months, with the amount not less than RMB50 million and not more than RMB100 million, with no price range.

The company said CITIC Bank Guangzhou Branch has committed to provide Zhenyun Investment with a special loan of not more than RMB90 million for the share purchase, with a term of no more than 36 months; Zhenyun Investment undertakes not to reduce its holdings during the increase period. As of the announcement date, Zhenyun Investment holds 171,142,853 A shares, about 36.20% of the total share capital; Xiao Hongxing holds a total of 228,808,321 A shares (about 48.40%) through Zhenyun Investment, Guangcai Investment and Guangsheng Investment. The increase will not change the company's controlling shareholder or actual controller.