SEAVI Advent Announces Paring Down of its Investment in Huitongda Network Co., Ltd

10 February 2026

SEAVI Advent Private Equity today announced that it has pared down its holdings in Huitongda Network Co., Ltd (Stock Code: 9878.HK) (the “Company”) to residual value so as to address overhang issues of the Company. While SEAVI has realised a portion of its position, it retains a sizable stake in the Company, reflecting a continued commitment to capturing the Company’s full intrinsic value as capital market conditions evolve.

The Company has demonstrated robust operational resilience, successfully executing restructuring initiatives over the past three years that have yielded substantial business integration and cost efficiencies.

As a premier B2B commerce and SaaS platform, the Company is uniquely positioned within China’s lower-tier retail market. Its extensive network currently serves more than 57,000 member stores, spanning 21 provinces and reaching over 20,000 towns and villages across Mainland China.

SEAVI Advent has played a role in supporting the Company’s capital markets strategy and remains sanguine regarding the Company’s trajectory. Moving forward, SEAVI Advent will continue to collaborate closely with the Company’s management team to drive sustained growth and operational excellence.

Despite the continued challenging macro-economic as well as geopolitical environment, SEAVI Advent continues to provide its investors with medium term liquidity as well as superior investment returns. We will continue to work closely with our portfolio companies to add value to their businesses in order to deliver medium to long term shareholder value.

About SEAVI Advent Private Equity

SEAVI Advent Private Equity, is one of the first private equity and venture capital firms to operate in the Asia Pacific region. Since 1984, the firm has invested over US$600 million into more than 120 Asian companies, from growth to late stage, as well as buyout and control transactions. With a proven track record that includes ranking fourth on Preqin’s Top 10 performance funds for its 2003/04 vintage, SEAVI Advent has been instrumental in delivering value to many of its portfolio companies, and has developed an extensive record of successful investments, which include Universal Health International Group (2211.HK), Hainan Shuangcheng Pharmaceutical Co. Ltd (002693.SZ), and Clarity Medical Group (1406.HK) in the healthcare sector; Weimob Inc. (2013.HK), Huitongda Network (9878.HK), and Sinofriends in the TMT sector; Tsaker New Energy (1986.HK), and Pengyao Group (300664.SZ) in the new energy & advanced manufacturing sector.