Glonghui, November 30, 丨 Wan Lida (08482.HK) announced that on November 25, 2021, the board of directors of the company was informed by Mr. Lu Keyi, Chairman of the Board, Executive Director and Major Shareholder of the Company that Mr. Lu, through his wholly-owned company Haoda Co., Ltd. sold 50.66 million shares of the company through on-market trading on the Stock Exchange trading platform on November 22, 2021, which is equivalent to about 6.03% of the company's total issued share capital, with an average cost of about HK$0.38 per share.
After the sale was completed, Mr. Lu's shareholding in the company was reduced to 127 million shares, which is equivalent to about 15.08% of the company's issued share capital, and Mr. Lu will still be the main shareholder of the company.
After Mr. Lu informed the board of directors, the board immediately discussed and believed that even if the sale matters would not have any significant adverse impact on the Group's business operations, shareholders should be informed about the sale as soon as practicable.