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East Harvest, the original major shareholder of BC Technology, will undergo a share restructuring and will be wholly owned by Gao Zhenshun

After BC Technology announced its restructuring, Hong Kong media revealed that the company's original major shareholder, East Harvest, had diluted its holdings to 29.94% after the allotment was completed. BC Technology stated that East Harvest will undergo a share restructuring. Originally jointly owned by Gao Zhenshun, Lo Ken Bon, Madden Hugh Douglas, Chapman David James, and Cheng Wan Gi, after the restructuring, East Harvest will transfer some of its BC Technology shares held in hand to the respective beneficial owners. After the restructuring, Gao Zhenshun will hold East Harvest wholly and hold approximately 10.67% of BC Technology shares. Analysis believes that this move is to facilitate the three resigned executive directors to sell their stocks and exit in the future.

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