Haichang Ocean Park Holdings Ltd. disclosed two share purchase agreements (SPAs) dated 30 July 2026 that will significantly realign its shareholder base, subject to completion.

Under SPA1, non-executive director and substantial shareholder Mr. Qu Cheng, through Zeqiao Holdings Limited, will transfer 1.20 billion shares (9.08 % of issued capital) to HH SeaPark Holding for approximately HK$360 million, or HK$0.30 per share.

SPA2 stipulates that controlling shareholder Sunriver Starrysea Tourism (Cayman) Co., Ltd. will sell 1.67 billion shares (12.67 %) to the same buyer for about HK$753.55 million, or HK$0.45 per share.

If both transactions close and the share count remains unchanged: • Mr. Qu Cheng’s stake will fall from 3.73 billion shares (28.21 %) to 2.53 billion shares (19.13 %). • Sunriver Starrysea’s holding will decline from 5.10 billion shares (38.60 %) to 3.43 billion shares (25.92 %), causing it to lose its controlling-shareholder status. • HH SeaPark Holding, ultimately owned by Mr. Mei Ming Zhi and independent of Haichang, will emerge with 2.87 billion shares (21.75 %), becoming a substantial shareholder.

The board does not anticipate any material adverse impact on day-to-day operations. Completion is pending, and the company will issue further announcements as required. Shareholders and potential investors are advised to exercise caution.