According to the Zhitong Finance App, WT Group (08422) announced that the board of directors has noticed the recent decline in the company's share price and the increase in trading volume on the date of this announcement. After making reasonable inquiries about the company in the relevant circumstances, the Board confirmed that, with the exception of those disclosed in the “Sale of Shares by Major Shareholders” section below this announcement, the Board confirmed that it was not aware of any reason for such price and trading volume changes, or any disclosure required to prevent false market information in the company's securities, or any insider information required to be disclosed in accordance with section XIVA of the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong.

The board of directors has been notified by Deying Venture Capital Co., Ltd., the controlling shareholder of the company, that it has voluntarily sold 576.6 million shares of the company at an average cost of HK$0.242 per share on the Stock Exchange trading platform through market transactions on the Stock Exchange trading platform on July 21, 2021, which is equivalent to about 57.66% of the company's total issued shares.

Caihui has further informed the company that, as far as it knows, the buyer of the selling shares is a third party independent of the company and has no connection with the company. Deying Venture Capital has 34% of the company's executive director Kong Xianghui's interests, Ye Shaoqing (deceased) has 33% of the interests, and Gan Jianbin, the company's executive director, has 33% of the interests.

Following the sale and as of the date of this announcement, Deying Venture Capital did not hold any shares in the company.

The company has applied to the Stock Exchange to resume share trading on the Stock Exchange starting at 1:00 p.m. on July 22, 2021.