Contel Technology Company Limited (Stock Code: 1912) issued an announcement stating that a stop notice was served on 2 March 2026, restraining the transfer of 51.36 million shares registered in the name of P. Grand (BVI) Ltd. and the payment of any related dividends or interest. The applicants, identified as Qing Haodong and Wang Kai, claim beneficial ownership of the specified shares instead of P. Grand and the Chairman of the Board, Mr. Lam Keung.

According to the announcement, Mr. Lam disagrees with the claims and plans to apply to the High Court for discharge of the stop notice. As of the announcement date, P. Grand holds 662.75 million shares, representing approximately 50.29% of Contel Technology’s issued share capital, and is thus a controlling shareholder. The company considers the stop notice to have no immediate and direct impact on its operations and financial position.

Trading in Contel Technology’s shares was halted at 9:00 a.m. on 3 March 2026 and resumed at 9:00 a.m. on 4 March 2026.