METASPACEX Announces Cancellation of Controlling Shareholder's Stock Sale Agreement and Trading Resumption

Stock News

May 14

METASPACEX (01796) has announced the termination of the agreement for the sale of shares by its controlling shareholder. The company has applied for the resumption of trading of its shares, effective from 9:00 a.m. on May 15, 2026.

On April 14, 2026, China Sports Asset Management Co., Ltd. (formerly known as Yuanfeng Venture Capital Co., Ltd., the "Seller"), Shenzhen Haoyi Investment Co., Ltd. (the "Buyer"), and Ms. Huang Hou as the guarantor (the sole shareholder of the Seller) entered into a share sale agreement. Under the agreement, the Seller intended to sell approximately 256 million company shares, representing about 53.3% of the company's issued share capital, to the Buyer for a total cash consideration of HK$63.965 million.

As the pre-conditions for the related transaction are not expected to be fulfilled as scheduled, the Seller and the Buyer have mutually agreed to immediately terminate the share transfer matter, and the transaction will not proceed further.

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