Futong Technology (00465) has announced that the company's board of directors has observed unusual price and volume movements in its shares recently. The board was informed by Mr. Chen Jian, Chairman and Executive Director, that on April 2, 2026, he entered into a memorandum of understanding with an independent third-party buyer regarding the potential sale and purchase of 187 million shares of the company, representing approximately 60.21% of the total issued share capital as of the date of this announcement. If the transaction proceeds, it could lead to a change in control of the company and trigger a mandatory general offer under the Takeovers Code for all issued shares of the company, 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 details disclosed above, it is not aware of any reasons for the share price and volume fluctuations, any information that must be announced to avoid a false market in the company’s securities, or any inside information required to be disclosed under the Securities and Futures Ordinance.