Gelonghui 6 April (Jinshan Science and Technology Industry (00040.HK) announcementThe board of directors has the honour to announce that on April 6th, 2022, GP Industries(a subsidiary in which the company has an interest of about 85.59%)Jinshan Dianhua, an indirect wholly-owned subsidiary, conducted a series of on-the-floor transactions to sell a total of 9 million Sun Shengli shares (accounting for approximately 14.14% of the total number of Sun Shengli shares issued as at the date of the announcement) at an average price of NT $23.85 per share, the total consideration is NT $215 million (equivalent to approximately HK $58.583 million) (excluding transaction costs).

The Board believes that the sale is a good opportunity for the Group to realize its non-core investment in Sun Shengli Technology, so as to enhance the Group's capital strength and devote more resources to its core business. As mentioned above and having considered that the disposal is conducted through the open market, the Board considers that the disposal is on normal commercial terms and in the day-to-day business of the Group, is fair and reasonable and is in the interests of the Company and shareholders as a whole.