Centenary United's controlling shareholder plans to sell 15% stake

Centenary United Holdings Limited announced that its controlling shareholder, Mr. Law Hau Kit, through his wholly-owned company Chong Kit Limited, has entered into a placing agreement to sell up to 76,230,300 existing shares. The private placing, facilitated by Senchi Morgan Capital Market Limited as the placing agent, aims to sell these shares at a price of not less than HK$0.40 each. The placing period commenced on October 13, 2025, and is expected to conclude by November 28, 2025.

The placing shares represent 15% of the company's existing issued share capital. Following the completion of the private placing, Mr. Law's shareholding in Centenary United through Chong Kit Limited will be reduced from approximately 73.58% to approximately 58.58%. Mr. Law also holds an additional 3,000,000 shares directly and is interested in 3,000,000 underlying shares from a share option scheme, collectively representing about 0.59% of the issued share capital.

The placing agent is tasked with ensuring that the placee(s) are independent third parties not connected with the company. The company stated it does not anticipate any adverse effect on its operations from this transaction. Shareholders are advised to exercise caution.