HangKe Technology chairman plans significant share transfer

Zhejiang HangKe Technology Inc. announced that its controlling shareholder, actual controller, and chairman, Cao Ji, plans to transfer 18,110,165 shares, representing 3.00% of the company's total share capital, through an inquiry-based transfer. The transfer is due to personal capital needs, and the shares are pre-IPO holdings. As of September 15, 2025, Cao Ji holds 262,663,234 shares, accounting for 43.51% of the total share capital.

CITIC Securities Co. Ltd. has been appointed to organize the non-public transfer, which will be offered to qualified institutional investors. The transfer price will be determined through an inquiry process, with a floor set at no less than 70% of the average stock trading price over the 20 trading days prior to September 15, 2025. The acquired shares will be subject to a six-month lock-up period for the transferees.

CITIC Securities confirmed that Cao Ji meets the eligibility criteria for the transfer, with no violations of share reduction regulations, existing pledges, or judicial freezes on the shares. The company has also assessed potential operational risks and confirmed no significant events that could impact the transfer.