Gelonghui, May 2, 丨 Minxin Group (00222.HK) announced that the company recently learned from relevant disclosure of rights information under section XV of the Securities and Futures Ordinance, Chapter 571 of the Hong Kong Legislation, that Fidelity Wealth Management (Hong Kong) Limited purchased 2,100,000 shares on April 25, 2024, and the company's main shareholder (see “Listing Rules”), Mr. Korea Long, is an indirect shareholder of the company (as defined in the “Listing Rules”).

Since (i) Fujian Investment Group holds approximately 59.53% of the company's interests through Guixin and Samba and is the controlling shareholder of the company; (ii) Mr. Ye is an independent non-executive director; and (iii) Mr. Han holds approximately 15.51% of the company's interests through his controlled corporation and is a major shareholder of the company, they are not regarded as members of the public under the Listing Rules. Since they hold a total interest of approximately 75.18% of the company's contract, the company's public shareholding volume was approximately 24.82% at the date of this announcement, which was lower than the minimum required percentage.

The company's management is discussing with relevant parties possible measures to restore public shareholding. The company will publish an announcement on the restoration of public shareholding in due course.