Maosheng Holdings(00022.HK): Controlling shareholder's placement of existing shares

Gelonghui April 2 | Mosheng Holdings (00022.HK) announced that the board of directors has been notified by Winland Wealth (BVI) Limited (“the Vendor”) (the company is the controlling shareholder of the Company and is indirectly wholly owned by the Company’s executive director and chairman of the board, Lun Yaoki), and the Vendor has entered into a placing agreement with Hongzhi Securities (Hong Kong) Limited (“the Placing Agent”) on April 1, 2026.

Pursuant to the placing agreement, the Placing Agent agreed to act as the agent of the Vendor, to procure the placees to participate in the placing to acquire not less than approximately 929 million shares and up to approximately 1,327 million shares of the Company’s shares (representing approximately 67.47% of the Company’s issued share capital as at the date of this announcement, i.e., all the shares held by the Vendor), at a price of HK$0.17 per share. The Placing Agent also agreed to use its best efforts to procure the placees to subscribe for the placing shares, and to undertake to the Vendor that none of the placees (whether alone or together with persons acting in concert with them) will hold 30% or more of the Company’s issued share capital after completion. The placing is expected to be completed in accordance with the terms and conditions set out in the placing agreement no later than April 14, 2026. After completion of the placing (assuming all the placing shares are successfully placed to the placees), the Vendor will no longer hold any shares in the Company, and therefore will no longer be the controlling shareholder of the Company.