According to the Zhitong Finance App, Guangqi Science (00439) announced that in view of current market conditions and the avoidance of this sale authorization from constituting a very significant sale as defined by section 14.06 of the listing rules, the company plans to sell up to 33 million shares of Guangqi Technology (equivalent to 1.53% of the total issued share capital of Guangqi Technology (equivalent to 1.53% of the total issued share capital of Guangqi Technology (based on publicly available information on the date of this announcement)) to shareholders during the authorization period.

The company will seek shareholders' approval for the sale authorization at the special general meeting of shareholders to allow the company to sell up to 33 million shares of Guangqi Technology held by the Group during the authorization period.

As of the date of this announcement, the group held 44.693.66 million shares of Guangqi Technology common shares, which is equivalent to about 2.07% of the total issued share capital of Guangqi Technology (based on publicly available information on the date of this announcement).