LONGCHEER (09611.HK) chairman Du Junhong plans to buy H shares worth RMB10m over three months
NewTimeSpace News: Shanghai Longcheer Technology Co., Ltd. (LONGCHEER, 09611.HK) announced that chairman, executive director and controlling shareholder Du Junhong plans to increase his H-share stake by RMB10 million between 31 October 2026 and 30 January 2027 through Shanghai-Hong Kong Stock Connect or the open market, using his own or self-raised funds.
The number of H shares to be acquired under the plan will increase the combined voting rights held by Mr. Du and his concert parties by no more than 2% from the lowest percentage during the relevant 12-month period, so it will not trigger a mandatory general offer under Rule 26.1 of the Takeovers Code.
As of the announcement date, Mr. Du controls 141,638,563 A-share voting rights, and together with concert parties including Ge Zhengang controls 179,054,013 A-share voting rights, about 35.34% of the total issued shares. The company said the plan will not change control or affect the public float requirement.
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