Zhitong Finance App News, Tongtian Liquor (00389.HK) announced that on July 30, 2026, the company received a letter from Mr. Wang He, a major shareholder (holding about 10% of the company's issued shares), containing a proposal to subscribe for 20% of the company's new shares at a price of HK$0.20 per share based on a special authorization, but requiring the company to immediately withdraw, terminate, abolish and/or otherwise avoid continuing with the existing placement agreement dated July 26, 2026. The company guarantees the appointment of an executive director nominated by the proponent to inspect The utilization of the proceeds from the proposed subscription.

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