HAICHANG HLDG (02255) announced on July 30, 2026, that non-executive director and substantial shareholder Mr. Qu Cheng, along with the company's controlling shareholder Sunriver Starrysea, have agreed to sell approximately 1.2 billion and 1.6746 billion shares respectively to HH SeaPark Holding.
These share sales represent about 9.08% and 12.67% of the company's issued share capital, with total consideration reaching approximately HK$360 million and HK$753.55 million respectively. As of the announcement date, HH SeaPark Holding is a company incorporated in the Cayman Islands, ultimately beneficially owned by Mr. Mei Zhiming.
Following the transaction completion, Mr. Qu Cheng's stake will be reduced to 19.13%, while Sunriver Starrysea's holding will drop to 25.92%, causing it to cease being the company's controlling shareholder. HH SeaPark Holding and its ultimate beneficial owner Mr. Mei Zhiming will acquire a 21.75% stake in the company, positioning them as a major shareholder.