The Securities and Futures Commission (SFC) has highlighted a significant concentration of Ruifeng Power Group Company Limited’s shareholding as of 24 February 2026.
As at the enquiry date, four core shareholders—Dragon Rise Ventures, Radiant Path Holding, Great Ally Enterprises and Rosy Raise—together controlled 572.64 million shares, equal to 71.58% of the 800.00 million shares in issue. A further 22 investors and their related parties held 148.20 million shares, or 18.52%. In aggregate, these parties owned 90.10% of Ruifeng Power’s issued share capital, leaving only 79.17 million shares (9.90%) in public hands.
Breakdown of key positions: • Dragon Rise Ventures Limited: 411.04 million shares (51.38%) • Radiant Path Holding Limited: 67.87 million shares (8.48%) • Great Ally Enterprises Limited: 46.86 million shares (5.86%) • Rosy Raise Limited: 46.86 million shares (5.86%)
Market performance has been highly volatile. From 2 December 2024 to 24 February 2026, the share price climbed from HK$1.31 to HK$21.54, a 15.4-fold increase. By 6 March 2026, the stock closed at HK$21.06, reflecting a 15.1-fold rise from the December 2024 level.
Given that less than 10% of issued shares remain widely held, the SFC warns that Ruifeng Power’s share price could experience substantial fluctuations even on limited trading volumes and advises investors to exercise extreme caution when dealing in the stock.
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