Automated sys (00771.HK) announced on September 13 that on September 12, 2024 (New York time), its wholly owned subsidiary GDD sold a total of 0.9134 million shares of GDH (listed on NASDAQ, stock code: GDYN) through a broker in a large-scale trade at a total cost of approximately 11.7 million US dollars (approximately 91.2 million Hong Kong dollars) (excluding trading costs), which is equivalent to approximately 1.19% of the total issued and outstanding GDH shares. The average selling price per share of GDH shares is approximately 12.8 US dollars (approximately 99.8 Hong Kong dollars), representing a discount of approximately 8.90% compared to the closing price of GDH shares on NASDAQ on September 12, 2024 (New York time) of 14.05 US dollars per share.

The directors believe that the sale will help the group realize the surplus from its investment in GDH and reallocate resources for future reinvestment opportunities. In addition, the sale is a good opportunity to increase the group's cash flow and is sufficient to protect the overall interests of the company and its shareholders. The reasons are: (a) the sale is conducted through a broker, in compliance with applicable US securities laws and regulations; and (b) the directors believe that the 8.90% discount provided for the sale price of GDH shares conducted through a large-scale trade is reasonable to facilitate the sale and is in line with US market practices.