On November 28, according to documents disclosed by the Hong Kong Stock Exchange on November 28, Chow Chi-ya sold OTC on November 22 at an average price of HK$0.0978 per share$WELIFE TECH (01703.HK)$587 million common shares, worth approximately HK$57.3597 million. After the sale, Zhou Zhiya's latest number of shares held was 0 shares, and the good position ratio dropped from 51.00% to 0.00%.
Supplementary information: Please note that Mr Nigel Trayers and I were involved Joint and Recipient Receivers of 586,500,000 shares in Welife Technology Limited to Deed of Recipient of Receivers 8 August 2023. Sincere, the Shares Have Been Disposed of with the Sale of the Shares Being Completed on 15 November 2023.What is disclosure of interests?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their shareholding interests in listed companies. The directors and top executives of a listed company are required to disclose their interests in the shares and debentures of the listed company and companies linked to the listed company.
Why is disclosure of interests important?
Disclosure of interests allows investors to identify (1) persons who control or are capable of controlling the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.