China Huajun Group: New-Share Subscription Agreement Lapses as Conditions Remain Unfulfilled

Bulletin Express06-01

China Huajun Group Limited announced that the proposed subscription of new shares under its general mandate has lapsed after certain conditions precedent were not met by the 31 May 2026 deadline stipulated in the Subscription Agreement.

The lapse follows a series of disclosures dated 23 June 2025, 1 September 2025, 31 October 2025 and 31 December 2025, which detailed the progress of the planned share issuance. Completion had been expressly conditional on the satisfaction of multiple pre-closing requirements; the unmet conditions were not specified in the latest filing.

With the agreement now terminated, no new shares will be issued pursuant to this mandate. The decision was confirmed by Chairman and CEO Yan Ruijie on 1 June 2026.

The board currently comprises four executive directors—Yan Ruijie, Chen Yun, Li Dayi and Wang Xiaomei—and three independent non-executive directors—Mok Yi Kwo, Ding Xingfu and Zhu Fang.

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