ST HLDGS (08305) Major Shareholder Advanced Pacific to Sell 45 Million Company Shares

Stock News01-19

ST HLDGS (08305) announced that its major shareholder, Advanced Pacific Enterprises Limited, has informed the company's board of directors. On January 19, 2026, Advanced Pacific entered into a sale and purchase agreement with Ms. Huang Lingling. Pursuant to this agreement, Advanced Pacific has agreed to sell, and Ms. Huang has agreed to purchase, 45 million company shares. This represents approximately 2.77% of the company's total issued share capital as of the date of this announcement, with a transaction value of HK$6.975 million.

Advanced Pacific further notified the company that, to its knowledge, Ms. Huang is independent of and not connected with the company or its associated persons, aside from her current holding of 990,600 shares. As of the date of this announcement, Advanced Pacific is wholly and beneficially owned by Mr. Xiang Congxin, an executive director and the chairman of the board.

Following the completion of the sale, Advanced Pacific will hold approximately 6.22% of the company's total issued share capital. Ms. Huang will hold 2.84% of the company's total issued share capital.

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