ZUOLI KECHUANG (06866.HK): Chairman Transfers 88m Domestic Shares, Controlling Holder at 35.98%

NewTimeSpace News: On 11 November 2026, Zuoli Kechuang Company Limited (stock code: 6866) published an inside information announcement that chairman and executive director Yu Yin transferred all of his 88,000,000 domestic shares to controlling shareholder Deqing Puhua Energy Company Limited, representing about 7.46% of the Company's total issued share capital at the time of transfer.

Before the transfer, Puhua Energy beneficially held 336,540,960 domestic shares, or about 28.52% of the issued shares. Under a concert party agreement dated 28 April 2014 among Yu Youqiang, Yu Yin, Shen Haiying, Zhang Jianming and Puhua Energy, the concert group collectively controlled and was deemed interested in about 37.92% of all issued shares. Following the transfer, Puhua Energy's holding rose to 424,540,960 shares, or about 35.98%, while Yu Yin's direct holding fell to nil and the concert group's total domestic shareholding remained unchanged.

The transfer is intended to simplify the shareholding structure within the concert group. It does not involve any change to the board composition; Yu Yin remains chairman and executive director, and the transfer will not affect the Group's business or operations. Puhua Energy applied for a waiver from the obligation to make a general offer arising from the transfer under Note 6(a) to Rule 26.1 of the Takeovers Code, and the Securities and Futures Commission has granted the waiver.