Futong Technology Development Holdings Limited (Futong Tech) disclosed in its 5 June 2026 announcement that negotiations regarding a potential transaction remain active, but no formal or legally binding agreement has been reached to date.

The original exclusivity period with the unnamed potential purchaser has lapsed; however, Futong Tech’s major shareholder, Mr. Chen, and the potential purchaser agreed on 23 May 2026 to prolong exclusivity through 18 June 2026.

Pursuant to Rule 3.7 of Hong Kong’s Takeovers Code, the company will issue monthly progress updates until either a firm offer is announced under Rule 3.5 or a decision is made not to proceed.

Management reiterated that the contemplated transaction may or may not materialise and advised shareholders and investors to exercise caution when dealing in the company’s securities.

The board currently comprises two executive directors—Mr. Chen Jian and Ms. Chen Xiaoxuan—and three independent non-executive directors: Mr. Chow Siu Lui, Mr. Lo Kwok Kwei David and Mr. Yao Yun.