LifeTech Scientific buys 230m shares from major shareholder for award scheme

LifeTech Scientific Corporation announced a connected transaction for the purchase of 230,000,000 shares from Xianjian Advanced Technology Limited, a substantial shareholder owned by Mr. XIE Yuehui, for its Share Award Scheme. The transaction, dated December 9, 2025, involves the trustee, instructed by the company, agreeing to purchase the shares.

The shares will be acquired at HK$1.900 per sale share, totaling HK$437,000,000, funded by LifeTech Scientific. This price represents a discount ranging from approximately 0.21% to 3.97% compared to the average closing prices over the last 30, 60, and 90 consecutive trading days, respectively. Completion is expected on December 12, 2025.

Post-completion, the seller’s interest in LifeTech Scientific will decrease from approximately 14.99% to 10.02% of the issued share capital. As the seller is a connected person, the transaction constitutes a connected transaction under Chapter 14A of the Listing Rules, requiring reporting and announcement but exempt from shareholder approval.