Q TECH (01478) Chairman enters into several European-style put option contracts involving 5.58864 million shares of the Company

Q TECH (01478) announces that the Company was informed by Mr. He Ningning, its executive director and chairman of the board, that, as seller, on October 7, October 8, October 9, October 13 and October 14, 2026 (five days in total), he separately entered into several European-style put option contracts with independent third parties (buyers), involving an aggregate of 5,588,640 shares of the Company, at an exercise price of HK$4.7998 to HK$4.9539 per share. Under such contracts, a "European-style put option" means the buyer has the right (but not the obligation) to sell to the seller a specified number of shares at the agreed exercise price on the expiry date; and Mr. He, as seller, bears the obligation to purchase the relevant shares at the agreed exercise price upon exercise by the buyer. Whether such options are exercised depends on whether the last traded price per share quoted on the Stock Exchange at the close of business on the expiry date of each contract is lower than the corresponding exercise price; therefore, there remains uncertainty as to whether such options will ultimately be exercised. Mr. He Ningning stated that he entered into such contracts based on his confidence in the Company's long-term development prospects. However, such options may or may not be exercised, and shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.