Xingli(Hong Kong)Holdings(00396.HK): Controlling shareholders, directors, and executives plan to sell 58.36% of the company's shares to Guoxin Capital Holdings; trading to resume tomorrow

Gelonghui, March 26 - Xingli (Hong Kong) Holdings (00396.HK) announced that the company’s board of directors has noticed unusual fluctuations in the company’s stock price on the Stock Exchange recently. After making all reasonable inquiries regarding the company’s situation, the board confirmed that, except for the disclosures below, it is not aware of any reasons for the fluctuations or any information that must be disclosed to avoid creating a false market in the shares, or any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance.

According to the company’s Chairman, CEO, Executive Director, and controlling shareholder Song Qiqing, and Executive Director Zhang Gangzhang, (1) Song Qiqing; (2) King Right (a company wholly owned by Song Qiqing); (3) Zhang Gangzhang; (4) United Sino (a company wholly owned by Zhang Gangzhang); (5) Chen Guojian (senior management of the group); (6) Golden Sunday (a company wholly owned by Chen Guojian); (7) Huang Weiye (senior management of the group); and (8) TTop Right (a company wholly owned by Huang Weiye) (collectively referred to as “potential sellers”) have entered into a memorandum of understanding with Guoxin Capital Holdings Limited (“potential buyer”) after the trading session ended on March 25, 2026, concerning the possible sale of a total of 472 million shares held by the potential sellers (accounting for approximately 58.36% of the total issued share capital of the company as of the announcement date). The potential buyer is ultimately beneficially owned by Li Yujun.

The company has applied to the Stock Exchange for the resumption of trading of the company’s shares on the Stock Exchange starting from 9:00 AM on March 27, 2026.