BLOKS Controlling Shareholder Smart Bloks Offloads 3.849 Million Shares

BLOKS (00325) has announced that the board was informed by Smart Bloks Limited (Smart Bloks), a member of the company's controlling shareholder group, that on October 22, 2026, it sold 3.849 million ordinary shares of the company through a block trade at a price of HK$65.28 per share, representing approximately 1.56% of the company's total issued shares (excluding treasury shares) as of the date of this announcement.

Smart Bloks is a limited company incorporated in the British Virgin Islands on July 15, 2021, and is wholly owned by Mr. Zhu Weisong, the company's chairman, executive director, and chief executive officer.

The board was told by Smart Bloks that the sale was made due to its own funding needs and financial arrangements, constitutes a private matter at the shareholder level, and has no relationship whatsoever with the group's business, operations, financial condition, or development prospects.

Smart Bloks has confirmed to the company that it remains fully confident in the group's business prospects, growth potential, and long-term value, and will continue to support the group's long-term development.

Prior to the sale, Smart Bloks directly held 8.8058 million shares of the company, representing approximately 3.57% of the company's total issued shares (excluding treasury shares).

Following the completion of the sale, Smart Bloks directly holds 4.9568 million shares of the company, representing approximately 2.01% of the company's total issued shares (excluding treasury shares).

Prior to the sale, Mr. Zhu had an interest in a total of 132 million shares of the company (excluding treasury shares), representing approximately 53.59% of the company's total issued shares (excluding treasury shares).

Following the completion of the sale, Mr. Zhu has an interest in a total of 128 million shares of the company (excluding treasury shares), representing approximately 52.03% of the company's total issued shares (excluding treasury shares).

Following the completion of the sale and as of the date of this announcement, Mr. Zhu remains entitled to control more than 30% of the voting rights at the company's general meetings, will continue to be the company's controlling shareholder, and the company's control and management will remain unchanged.