DL Holdings’ controlling shareholder completes share transfer, boosts Rapid Raise stake

On October 10, 2025, Rapid Raise, controlled by Mr. Chen, completed the transfer of 60m shares, representing approximately 3.56% of DL Holdings Group Limited's total issued share capital (excluding treasury shares). These shares were transferred to three directors and 13 senior management and employees as recognition for their contributions. Noteworthy transferees include Lang Shi Jay Joseph (5m shares), Ms. He Zhiying (2.5m shares), and Ai Kuiyu (3m shares), with the remaining 49.5m shares distributed.

Concurrently, Mr. Chen completed the subscription of further interest in Rapid Raise, increasing his stake from approximately 63.4% to 68.4%. Following these transactions, Mr. Chen holds or is deemed to hold an aggregate of 737,592,661 shares, representing approximately 43.78% of the company's issued share capital (excluding treasury shares). This includes directly owned shares by DA Wolf (547,524,297 shares), shares held by Rapid Raise (171,723,465 shares), and shares held beneficially by Mr. Chen (18,147,499 shares) and his spouse, Ms. Jiang (197,400 shares).

The executive directors of DL Holdings Group Limited include Mr. Chen Ningdi, Mr. Lang Joseph Shie Jay, Mr. Ai Kuiyu, and Ms. He Zhiying. Mr. Wang Yiding serves as the non-executive director, while Mr. Chang Eric Jackson, Mr. Chen Cheng-Lien (also known as Chen Cheng-Lang and Chen Stanley), and Mr. Liu Chun are independent non-executive directors.