Zhi Sheng call-option target sells 1,240 shares to Speed Ventures for US$12.4 million

• Zhi Sheng Group target company signed a share subscription agreement with Speed Ventures on April 14 to issue up to 5,000 new shares at USD 10,000 each.
• The initial tranche covers 1,240 shares for USD 12.4 million, representing about 48.1% of the enlarged share capital.
• The remaining up to 3,760 shares could raise up to USD 37.6 million, subject to funding milestones.
• The investor stake is capped below 49% on a fully diluted basis, preserving majority control for Ma Gary Ming Fai at about 51.9% post-initial tranche.
• The subscription shares sit outside the Zhi Sheng call option, leaving the investor as a minority holder if the option is exercised.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhi Sheng Group Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260414-12105477), on April 14, 2026, and is solely responsible for the information contained therein.