SFC warns of extreme shareholding concentration in GR Life Style

The Securities and Futures Commission (SFC) announced on December 22, 2025, a high concentration of shareholding in GR Life Style Company Limited. As of December 9, 2025, 10 shareholders and their related parties, along with two executive directors, Mr. Wei Chunxian and Mr. Sun Zhongmin, controlled a significant majority of the company's shares. Mr. Wei and Mr. Sun held 1,952,912,814 shares (60.66%), while 10 shareholders and related parties held 547,864,676 shares (17.02%). Additionally, 430,000,000 shares (13.36%) were obtained through off-exchange transactions linked to Gang Rui International Investment (HK) Limited, where the directors have beneficial interests.

Collectively, these parties held 91.04% of the total issued shares, leaving only 8.96% (288,596,496 shares) in the hands of other shareholders. The SFC cautioned that this concentration could lead to substantial price fluctuations even with minimal trading volume.

The announcement highlighted a dramatic increase in the share price, which surged 476.92% from HK$0.65 on June 30, 2025, to HK$3.75 on December 9, 2025. By December 19, 2025, the shares closed at HK$2.97, still representing a 356.92% increase from the June 30, 2025 price. Investors are urged to exercise extreme caution when dealing with the shares.