LONGCHEER (09611.HK) chairman Du Junhong completes H-share purchase, voting rights rise to 35.46%

NewTimeSpace News: On November 9, 2026, Shanghai Longcheer Technology Co., Ltd. (09611.HK/603341.SH) announced the results of its chairman's H-share purchase plan. The board was informed by Du Junhong, chairman, executive director and one of the controlling shareholders, that the plan has been fully implemented.

According to the announcement, Du purchased a total of 650,000 H shares between November 2 and November 4, 2026, inclusive, representing about 0.13% of the total number of issued shares (excluding shares held as treasury shares and A shares under the company's employee share scheme), for a cumulative amount of about RMB10.35 million. As the H shares were purchased through Shanghai-Hong Kong Stock Connect, the actual amount may differ slightly due to exchange rates and fees.

Before the plan, Du held no shares directly, while he and his concert parties were entitled to exercise or control the exercise of voting rights attached to 179,054,013 A shares, representing about 35.34% of the total issued shares. Following full implementation, Du directly holds 650,000 H shares, and he and his concert parties are entitled to exercise voting rights over 179,704,013 shares (179,054,013 A shares and 650,000 H shares), raising their stake to about 35.46%. Deheng Shanghai Law Offices has issued a special verification opinion on the implementation of the plan, concluding that Du has the requisite qualifications, that the purchase falls within the circumstances exempt from a general offer obligation, and that the company has performed the necessary disclosure obligations at this stage. The purchase did not trigger a mandatory general offer obligation under Rule 26.1 of the Codes on Takeovers and Mergers and Share Buy-backs, did not result in a change of controlling shareholder and did not breach the applicable public float requirement.