Shanghai-listed handset design firm Longcheer (09611) announced that Chairman and Executive Director Du Junhong has completed his previously disclosed H-share purchase programme.
Between 2 – 4 November 2026, Du acquired a total of 650,000 H shares through Shanghai-Hong Kong Stock Connect for approximately RMB 10.35 million. The purchase represents 0.13% of Longcheer’s issued share capital, excluding treasury shares and A shares held under the employee stock ownership scheme.
Before the transactions, Du held no shares directly but, together with concert parties, controlled voting rights attached to 179.05 million A shares, or 35.34% of total issued shares. Following completion, Du now directly owns 650,000 H shares, and the combined voting rights of Du and his concert parties have risen to 179.70 million shares (179.05 million A + 0.65 million H), equating to 35.46% of total issued shares.
Legal adviser DeHeng Shanghai Law Office confirmed that the incremental purchases qualify for exemption from a general offer under Article 63 of the Takeover Rules and do not trigger the 2% mandatory offer threshold in Hong Kong’s Takeovers Code. The transactions comply with the Hong Kong Listing Rules, do not alter the company’s controlling shareholder structure and leave Longcheer in compliance with public-float requirements. Du has made no share disposals during the implementation period and is subject to a statutory lock-up on sales post-completion.
Shareholders and prospective investors are advised to exercise caution when dealing in Longcheer shares.
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