WALNUT CAP (00905): Controlling shareholder intends to sell 55.64% of the company's equity through a block trade; trading to resume on November 3.

WALNUT CAP (00905) announced that on November 2, 2026, the company's controlling shareholder, Linghua, entered into a block trade agreement with a corporation licensed under the Securities and Futures Ordinance to carry out Type 1 (dealing in securities) regulated activity (the arranger). Pursuant to the block trade agreement, Linghua has appointed the arranger as its exclusive agent to use its best efforts to procure purchasers to buy approximately 584.5 million shares, representing approximately 55.64% of the company's issued share capital, at a price of not less than HK$0.242 per share. Linghua is wholly owned by executive director Mr. Meng Pinwen. In addition, the company has applied to the Stock Exchange for the resumption of trading in its shares on the Stock Exchange with effect from 9:00 a.m. on November 3, 2026.