China Star controlling shareholder reduces stake to broaden base

Heung Wah Keung Family Endowment Limited, jointly held by Heung Wah Keung and Chen Ming Yin, Tiffany, disposed of 81,000,000 shares of China Star Entertainment Limited between December 15 and December 22, 2025. This "shares disposal" was executed on the open market and is intended to broaden the company's shareholder base and mitigate the high concentration of shareholding.

Prior to the disposal, Heung Wah Keung Family Endowment Limited held 1,640,375,595 shares, representing approximately 67.53% of China Star's total issued share capital. Following the transaction, their stake decreased to 1,559,375,595 shares, or approximately 64.20%. Despite the reduction, the entity remains a controlling shareholder of the company.

The board confirmed that the counterparties to the shares disposal are independent third parties and not connected persons of the company or its associates. The board does not anticipate any adverse effects on the group's business operations or financial position from this disposal.