Anton Oilfield Services Group: Chairman and Senior Management Announce Plans to Increase Shareholding

Key Points of the Announcement

• Proposed Share Acquisition: The founder and Chairman of Anton Oilfield Services Group, Mr. Luo Lin, together with certain senior management members, have announced their intention to increase their shareholding in the Company. This initiative is a demonstration of their confidence in the Group’s future prospects and the long-term investment value of the Company.
• Timeline and Investment Cap: The purchases will be made on the open market using their own funds, starting from the date of the announcement up until 30 June 2026 (subject to further extension if announced). The aggregate investment amount will not exceed HKD35.0 million.
• Potential Impact on Shareholding: Based on the current share price, this investment is expected to account for up to approximately 1.0% of the Company’s total issued shares. The actual number of shares and total invested amount may be less, depending on market conditions, share price fluctuations, regulatory requirements, and trading blackout periods.
• Regulatory Compliance: All acquisitions will be conducted in strict compliance with the Model Code for Securities Transactions by Directors of Listed Issuers, the Listing Rules of the Hong Kong Stock Exchange, and the Securities and Futures Ordinance. The Company itself will not participate in, nor provide financial assistance for, these purchases.
• Ongoing Disclosure: The Company will update shareholders and the market on the progress of the shareholding increase as required under relevant Listing Rules and regulations.

Important Information for Shareholders

• Price-Sensitive Nature: The decision by the Chairman and senior management to increase their shareholdings signals a strong vote of confidence in the Company’s future. Such insider buying is typically viewed positively by the market and may influence the Company’s share price.
• Public Float Maintained: The Company will ensure that, even after the planned share purchases, public float requirements under the Listing Rules will continue to be met.
• Implementation Risks: The plan may not be implemented in full or at all. Factors such as capital market conditions, share price volatility, and regulatory requirements could impact the actual execution of the plan. Investors are cautioned that the actual number of shares bought and the investment amount could be below the stated maximum.
• No Company Funds Involved: The share purchases will not involve any company funds or financial assistance, ensuring there is no dilution or impact on Company resources.

Details of the Shareholding Increasing Plan

The announcement outlines that Mr. Luo Lin, the Chairman and founder, along with certain senior management members, will personally fund the acquisition of shares. This move is driven by their recognition of the Company’s long-term value and development prospects. The planned purchases, up to HKD35.0 million, will be conducted on the open market and are expected to represent not more than 1.0% of the Company’s total issued share capital, based on current market prices.

The actual volume and value of shares acquired will be subject to market conditions, share price at the time of purchase, regulatory requirements, and blackout periods for trading. The Board has emphasized that this plan is a reflection of management’s firm confidence in the Company’s future.

To maintain transparency and regulatory compliance, the Company will make further announcements as and when appropriate, especially if there are significant updates or changes in the execution of the plan.

It is also highlighted that, despite these planned purchases, the Company will always comply with public float requirements stipulated by the Listing Rules.

Potential Share Price Impact

Insider purchases by top management, especially the Chairman, are generally perceived as a positive signal by the market, indicating management’s confidence in the Company’s future performance. Such announcements can be price sensitive and may result in increased investor interest and a potential uplift in the share price, depending on broader market conditions and investor sentiment.

However, the announcement also warns that the plan may not be implemented or only partially implemented due to various factors, including market conditions and regulatory constraints. Therefore, shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

Board Composition

As of the date of the announcement, the Board of Directors comprises:

• Executive Directors: Mr. Luo Lin, Mr. Pi Zhifeng, Mr. Fan Yonghong
• Non-Executive Director: Mr. Huang Song
• Independent Non-Executive Directors: Mr. Zhang Yongyi, Mr. Zhu Xiaoping, Mr. Wee Yiaw Hin, Ms. Chen Xin

Disclaimer: The above article is based on the Company’s voluntary announcement. The shareholding increase plan involves forward-looking statements subject to risks and uncertainties, including market conditions and regulatory requirements. Investors should exercise caution and consult professional advisors before making investment decisions. The Company has stressed that the plan may not be fully executed or may not proceed at all for various reasons. This is not an investment recommendation.

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