Hunlicar Group Limited — Major Shareholding Notification 2016

Jun 8, 2016

Announcement

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8 June 2016

High Concentration of Shareholding in Goldenmars Technology Holdings Limited (Stock Code: 3638)

This announcement is made by the Securities and Futures Commission (“SFC”) in respect of the concentration of the shareholding of Goldenmars Technology Holdings Limited (“the Company”) in the hands of a limited number of shareholders as at 26 May 2016.

In view of the high concentration of shareholding in a small number of shareholders, shareholders and prospective investors should be aware that the price of the shares of the Company (“Shares”) could fluctuate substantially even with a small number of shares traded, and should exercise extreme caution when dealing in the Shares.

The SFC has recently completed an enquiry into the shareholding of the Company. Our findings suggested that as at 26 May 2016, a group of 17 shareholders held an aggregate of 839,748,000 Shares, representing 23.81% of the issued Shares. Such shareholding, together with an aggregate of 2,505,024,000 Shares (representing 71.04% of the issued Shares) held by the controlling shareholder, one executive director and one substantial shareholder of the Company, represented 94.85% of the issued Shares as at 26 May 2016. Therefore, only 181,788,000 Shares (representing 5.15% of the issued Shares) were held by other shareholders.

As at 26 May 2016, the shareholding structure of the Company was as follows:-

Forever Star Capital Limited_(Note 1)Lau Wing Sze(Note 2)China Goldjoy Group Limited(Note 3)_A group of 17 shareholdersOther shareholdersTotal	Number ofShares held(Shares)2,155,680,00023,256,000326,088,000839,748,000181,788,0003,526,560,000	% of totalnumber ofissued Shares(%)61.130.669.2523.815.15
		100.00

• Note 1: Forever Star Capital Limited is owned as to 50% by Mr. George Lu, the chairman and executive director of the Company, and 50% by Ms. Shen Wei, an executive director of the Company. Mr. George Lu and Ms. Shen Wei are husband and wife.

Note 2: Ms. Lau Wing Sze, an executive director of the Company, directly holds 18,936,000 Shares. The remaining 4,320,000 Shares are held by Nice Rate Limited, which is wholly owned by Ms. Lau Wing Sze.

Note 3: China Goldjoy Group Limited (stock code: 1282) is owned as to 50.06% by Tinmark Development Limited, which is wholly owned by Mr. Yao Jianhui.

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The Company was listed on the GEM Board of the Stock Exchange of Hong Kong Limited (under stock code: 8036) on 9 September 2013 by way of placing 69,000,000 new Shares (representing 27.71% of the then issued Shares) at $0.90 per Share, and transferred the listing of the Shares to the Main Board (under stock code: 3638) on 30 March 2016. The Share price closed at $4.30 on 30 March 2016, the first day of dealing in the Shares on the Main Board.

On 8 April 2016, the Company announced the proposals of share subdivision from one original Share into twelve new Shares and the change in board lot size from 3,000 original Shares to 12,000 new Shares. The share subdivision was effective on 6 May 2016.

The Share price traded stably at around $4.30 level during the period from 30 March 2016 to 3 May 2016. The Share price increased 27.6% to close at $5.55 on 4 May 2016, and retreated 4.5% to close at $5.30 on 5 May 2016.

After the share subdivision became effective on 6 May 2016, the closing price of the Shares dropped 11.7% from $0.4417 (adjusted for share subdivision) on 5 May 2016 to $0.39 on 7 June 2016.

The closing price of the Shares on 7 June 2016 was still 8.8% higher than the adjusted closing price of $0.3583 on 30 March 2016 (the first listing day on the Main Board) or 420% higher than the adjusted placing price of $0.075 when it was first listed on the GEM Board on 9 September 2013.

In view of the high concentration of shareholding in a small number of shareholders, shareholders and prospective investors should be aware that the price of the Shares could fluctuate substantially even with a small number of shares traded, and should exercise extreme caution when dealing in the Shares.

End

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