Yadi holding (01585. HK) was increased by 868000 shares held by the controlling shareholder

On April 4, gelonghui Yadi Holdings (01585. HK) announced that it had been informed by executive director and controlling shareholder Qian Jinghong that on April 4, 2022, Qian Jinghong and Fangyuan Investment Co., Ltd. ("Fangyuan"), a company wholly owned by a controlling shareholder of the company, purchased a total of 868000 shares of the company on the open market at an average price of about HK $12.91 per share. Following the share purchase, Fangyuan held 511 million shares.

On the date of announcement, Dong Jinggui, chairman of the board of directors, executive director, spouse of Qian Jinghong and controlling shareholder of the company, holds all the issued share capital of Dawei Investment Co., Ltd. ("Dawei"), while Dawei owns 1.399 billion shares. According to the concerted action arrangement, Dong Jinggui and Qian Jinghong confirmed that they were persons acting in concert to exercise their voting rights at the general meeting of shareholders and the meeting of the board of directors of the company. They also further undertake that they will continue to act in accordance with the concerted action arrangement during the period when they still have an interest directly or indirectly in the shares. Therefore, Dong Jinggui and Qian Jinghong, together with their respective holding companies (i.e. Dawei and Fangyuan), are deemed to have an interest in the total number of shares held by Dawei and Fangyuan.

Immediately before the share purchase, Dong Jinggui, Qian Jinghong, Dawei and Fangyuan were deemed to have interests in a total of 1909508943 shares, accounting for about 63.76% of the total issued share capital of the company on the date of the announcement. Immediately after the share purchase, Dong Jinggui, Qian Jinghong, Dawei and Fangyuan were deemed to have interests in a total of 1910376943 shares, accounting for about 63.79% of the total issued share capital of the company on the date of announcement.

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