Kingfa Sci & Tech: Major shareholders announce internal share transfer for asset planning

Kingfa Sci & Tech announced an internal share transfer plan among its major shareholders. Shareholder Ms. Xiong Haitao, who currently holds 43,241,459 shares (1.6400% of the total share capital) and, together with her existing parties acting in concert, holds 189,881,459 shares (7.2017%), will expand her group of parties acting in concert. This expansion will include various private equity funds managed by Shenzhen Huabao Wanying Asset Management Co., Ltd. (Huabao Wanying Funds 5-11).

As part of this arrangement, existing parties acting in concert, specifically Bossco Funds 1-7 managed by Shenzhen Qianhai Bossco Asset Management Co., Ltd., plan to transfer up to 52,730,000 shares, representing no more than 2.00% of the company's total share capital, to the newly added Huabao Wanying Funds 5-11 via block trades. Post-transfer, Huabao Wanying Funds 5-11 will delegate their voting rights to Ms. Xiong Haitao.

This internal transfer, scheduled between October 21, 2025, and January 20, 2026, is for asset planning purposes and will not alter the total shareholding or proportion held by Ms. Xiong Haitao and her parties acting in concert. The company's controlling shareholder and actual controller will remain unchanged.