Inkeverse flags Listing Rules breach over Da Cheng fund trades, ends Futu mechanism

• Inkeverse disclosed inadvertent non-compliance with Hong Kong Listing Rules disclosure requirements tied to revolving subscriptions and redemptions in Da Cheng Money Market Fund from Oct. 28, 2024 to Sept. 9, 2025.
• Subscriptions hit discloseable-transaction thresholds, with net aggregated acquisition costs reaching RMB 250.55 million on Jan. 16, 2025, RMB 191.61 million on May 2, 2025, and RMB 155.28 million on June 30, 2025.
• Redemptions triggered five discloseable transactions; cumulative redeemed amount exceeded 25% but was below 75% on size tests, classifying redemptions as a major transaction that would normally require shareholder approval.
• Full redemption completed Sept. 9, 2025, with aggregated proceeds of RMB 833.18 million, including net investment return of RMB 1.02 million, booked as a gain for year ended Dec. 31, 2025.
• Trading mechanism at Futu Securities terminated Sept. 9, 2025; internal controls tightened via size-test screening, parallel approvals, staff training completed Oct. 31, 2025, and plan to seek Stock Exchange guidance when needed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Inkeverse Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260508-12153654), on May 08, 2026, and is solely responsible for the information contained therein.