HIPINE (02583) controlling shareholder Li Linmao sold a total of 100,000 shares of the company.

HIPINE (02583) announced that the Board was notified by Mr. Li Linmao, a controlling shareholder of the Company, that on October 14, 2026, Mr. Li Linmao sold through on-exchange transactions on the Stock Exchange trading platform an aggregate of 100,000 issued Shares of the Company at an average price of HK$45.63 per Share, representing approximately 0.17% of the total number of issued Shares of the Company as at the date of this announcement. As at the date of this announcement, the total number of issued Shares of the Company was 58,825,000 H Shares. Immediately following the Sale: the number of Shares held by Mr. Li Linmao decreased from 6,600,000 H Shares (representing approximately 11.22% of the total number of issued Shares of the Company) to 6,500,000 H Shares (representing approximately 11.05% of the total number of issued Shares of the Company); and Mr. Li Yongzhong, Mr. Hu Shaohua, Mr. Li Shuo and Mr. Li Linmao, as controlling shareholders of the Company and pursuant to the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), are deemed to be interested in the Shares in which other persons are interested under the concert party agreement, and the aggregate interest held by Mr. Li Yongzhong, Mr. Hu Shaohua, Mr. Li Shuo and Mr. Li Linmao decreased from 29,700,800 H Shares (representing approximately 50.49% of the total number of issued Shares of the Company) to 29,600,800 H Shares (representing approximately 50.32% of the total number of issued Shares of the Company). They remain as controlling shareholders of the Company.