Gelonghui July 26th 丨Jinhui Technology (08295.HK) announced that the board of directors noticed abnormal changes in stock prices and trading volume on July 25, 2023. After making a reasonable inquiry about the company, the board confirmed that, other than those disclosed in the announcement, the board was unaware of any other reason for such price and trading volume changes, or any information that must be disclosed to avoid a false market for the company's securities, or any insider information subject to disclosure under Section XIVA of the Securities and Futures Regulations.
The Board of Directors hereby informs the shareholders and potential investors of the Company that, according to information from Zhongzhi Xinzhuo and Kang Bang (Hong Kong), they both held 2,409,823,718 shares (accounting for about 50.46% of the company's shares) and 455,820,525 shares (accounting for about 9.54% of the company's shares) on the date of the announcement, are currently working withHu ShilongDiscuss delegating voting rights for all of the shares held by Zhongzhi Xinzhuo and Kangbang (Hong Kong) (“Entrusted Shares”)Hu Shilong. The financial interests and beneficial ownership of the entrusted shares will remain with Zhongzhi Xinzhuo and Kang Bang (Hong Kong).
Hu ShilongThey are directors of KingNine and Dalian Jinhui. These companies are all subsidiaries of the company, so they are related to the company. Furthermore,Hu ShilongHe is also a shareholder of NINEGO. At the date of the announcement, NINEGO was a shareholder holding 211,970,219 shares, accounting for approximately 4.44% of the company's shares. By NINEGOHu ShilongandHu ShilongThe spouse, Liu Yingying, holds approximately 40.60% and 59.40% of the shares respectively.
Furthermore, the company has applied to the Stock Exchange to resume share trading, effective as of 9:00 a.m. on July 27, 2023.