KB LAMINATES (HKEX: 01888) has announced a significant share sale by its major shareholder. On June 17, 2026, Kingboard Holdings' wholly-owned subsidiary, Kingboard Investment, entered into a block trading agreement with joint placing agents Citigroup Global Markets Limited and Merrill Lynch (Asia Pacific) Limited. Under this agreement, Kingboard Investment has appointed the agents to facilitate the sale of 155 million company shares to buyers at a price of HK$76.0 per share.

The settlement for this share placement is expected to take place on June 22, 2026. As of the announcement date, Kingboard Holdings, directly and indirectly through Kingboard Investment, holds interests in approximately 2.099 billion shares, representing about 66.62% of the company's existing issued share capital.

Following the completion of the placement, which involves the 155 million shares, Kingboard Holdings' direct and indirect shareholding will be reduced to roughly 1.944 billion shares. This will constitute approximately 61.70% of the company's issued share capital. The company will continue to operate as a non-wholly owned subsidiary of Kingboard Holdings.

As per the block trading agreement, Kingboard Investment has undertaken not to sell any additional shares for a period of 60 days following the completion of the placement, with the exception of the shares sold under this specific agreement.