• China Tontine Wines received a proposal on July 30, 2026 from substantial shareholder Wang He to subscribe for 20% of the company’s new shares under a specific mandate at HKD 0.2 per share.
• The proposal required the company to withdraw its existing placing agreement dated July 26, 2026.
• The board rejected the proposal, citing connected-transaction approval risk, execution uncertainty, the binding nature of the placing agreement, and conditions it viewed as undermining directors’ fiduciary duties.

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. China Tontine Wines Group Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260804-12272105), on August 04, 2026, and is solely responsible for the information contained therein.