FUTONG TECH (00465) has issued an announcement stating that its board of directors has noted recent unusual movements in the company's share price and trading volume. The company was informed by its board chairman and executive director, Mr. Chen Jian, that on April 2, 2026, he entered into a memorandum of understanding with an independent third party acting as a buyer regarding the potential sale and purchase of 187 million shares in the company. This represents approximately 60.21% of the company's total issued share capital as of the date of this announcement. If the transaction proceeds, it could lead to a change in the company's control and trigger a mandatory general offer under the Takeovers Code for all the company's issued shares, excluding any shares already owned or agreed to be acquired by the potential buyer and its concert parties. After making all reasonable inquiries, the board confirmed that, aside from the information disclosed above, it is not aware of any reasons for the share price and volume movements, any information that must be announced to avoid a false market in the company's securities, or any inside information requiring disclosure under the Securities and Futures Ordinance.