FriendTimes Inc. (the “Company”) reported that Warm Sunshine Holdings Limited, an investment vehicle controlled by Chairman and Executive Director Mr. Jiang Xiaohuang, acquired 1.32 million shares on 23 June 2026 via on-market transactions. The purchase represents approximately 0.06% of the Company’s issued share capital.

Following the transaction, Warm Sunshine’s holding increased from 189.75 million shares to 191.07 million shares. Consequently, Mr. Jiang’s aggregate interest in FriendTimes rose from 1.245 billion shares to 1.246 billion shares, equating to 57.16% of the total issued share capital.

The Board stated that the purchase underscores the controlling shareholder’s confidence in FriendTimes’ long-term prospects. Regulatory thresholds remain intact: the Company continues to meet public-float requirements, and the increase has not triggered a mandatory general offer under Hong Kong’s Takeovers Code.

Management will monitor any further changes in shareholding and comply with disclosure obligations under the Listing Rules, the Takeovers Code and other applicable regulations. Shareholders and prospective investors are advised to exercise caution when dealing in FriendTimes shares.