DTXS SILK ROAD (00620) Informed by Controlling Shareholder That Charged Shares Have Not Been Forcibly Sold; Trading to Resume March 23

DTXS SILK ROAD (00620) announced that on March 20, 2026, the company was notified by its controlling shareholder, DTXS International Holdings Limited. DTXS International Holdings, which held approximately 51.6% of the company's issued share capital as of the announcement date, stated that it had not repaid a loan according to the terms of a loan agreement dated January 3, 2021. This agreement was between DTXS International Holdings (as the borrower) and an independent third party (as the lender). Under the loan agreement, as of the announcement date, the loan was reportedly secured by a share charge over 43 million shares of the company, representing approximately 5.37% of its issued share capital. The company was informed by DTXS International Holdings that, as of the announcement date, the charged shares had not been forcibly sold, and the shareholding percentage of DTXS International Holdings in the company remained unchanged.

As of the announcement date, DTXS International Holdings held 413.5 million shares in the company, representing approximately 51.6% of the issued share capital. Additionally, Mr. Lü Jianzhong held a personal and beneficial interest in 3.394 million shares, representing approximately 0.42% of the issued share capital. DTXS International Holdings is indirectly wholly owned by DTXS Cultural Industry Investment Group Co., Ltd., which is approximately 50.60% owned by Mr. Lü Jianzhong and approximately 13.80% owned by Mr. Yang Xingwen.

The company's Board of Directors noted the recent decline in the share price and the increase in trading volume. The Board has conducted reasonable inquiries concerning the company's relevant affairs and confirms that, aside from the content disclosed in this announcement, it is not aware of any other reasons for the share price and trading volume movements. The Board is also not aware of any information that must be disclosed to prevent a false market in the company's securities, or any inside information required to be disclosed under Part XIVA of the Securities and Futures Ordinance.

The company has applied to the Stock Exchange for the resumption of trading of its shares, which will commence at 9:00 a.m. on Monday, March 23, 2026.