Duiba (01753) has announced that its controlling shareholder, Xiaoliang Holding Limited, entered into a deed of gift with Kewei Holding Limited on September 20, 2026. Under this arrangement, Xiaoliang Holding will transfer a total of 121 million shares of the company, representing approximately 11.21% of the total issued share capital as of the announcement date, to Kewei Holding, the company's employee share award platform, at no consideration.

The shares held by Kewei Holding are expected to be utilized for awards that have been granted or will be granted under the company's employee incentive plans. In line with an AI technology-driven, high-growth business strategy, Kewei Holding has committed to introducing new incentive plans in the future, primarily targeting talent incentives for the development of AI-related businesses, including the AI short-drama segment.

Additionally, Kewei Holding has pledged that all awards granted under both existing and future incentive schemes will adhere to the vesting and lock-up arrangements set forth in the company's equity incentive management measures. This gift arrangement underscores the major shareholder's confidence in and support for the company's long-term development, aiming to further reinforce the long-term orientation of core talent and thereby facilitate the achievement of the company's medium- and long-term strategic objectives.

As of the announcement date, Xiaoliang Holding held a total of 455 million shares, equivalent to approximately 42.21% of the total issued share capital. Upon completion of the transfer, Xiaoliang Holding will hold 334 million shares, accounting for roughly 31.01% of the total issued shares. Meanwhile, Kewei Holding currently holds 1.8283 million shares, representing about 0.17% of the total issued share capital. Following the transfer, Kewei Holding's stake will increase to 123 million shares, or approximately 11.38% of the total issued shares.

The transfer will not result in any change to the controlling shareholder status of Xiaoliang Holding. Both Xiaoliang Holding and Kewei Holding will fulfill their information disclosure obligations in accordance with the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.