Techtronic Industries Company Limited

Shareholders of Techtronic Industries Company Limited

Techtronic Industries Company Limited is a Hong Kong-incorporated public company whose shares are listed on The Stock Exchange of Hong Kong Limited (stock code: 669). As a listed issuer, its shareholder disclosure follows the notification and register requirements of Part XV of the Securities and Futures Ordinance (SFO) rather than a continuously published full shareholder register: only interests reaching the relevant notification thresholds are disclosed to the company and recorded in its statutory registers. Per the Report of the Directors in the company’s 2025 Annual Report, as at 31 December 2025 the company’s largest disclosed shareholder was Executive Chairman Mr Horst Julius Pudwill, whose aggregate disclosed interest (held directly, through his spouse, and through controlled corporations) represented approximately 21.86% of the issued shares. Other holders reaching the 5%-or-above notifiable threshold, recorded in the register kept under section 336 of the SFO, were JPMorgan Chase & Co. (approximately 8.81% long position), The Bank of New York Mellon Corporation (approximately 7.65% long position) and BlackRock, Inc. (approximately 5.06% long position), each disclosed as an asset manager/custodian holding shares through numerous controlled subsidiaries rather than as a single beneficial economic owner. This is a major-shareholders-only disclosure; a complete register of all shareholders below the notifiable thresholds is not publicly available.

Ultimate beneficial ownership

Mr Horst Julius Pudwill, Executive Chairman of Techtronic Industries Company Limited, is disclosed in the company’s 2025 Annual Report (Report of the Directors, interests as at 31 December 2025) as holding an aggregate interest of 399,952,294 shares and underlying shares, equal to approximately 21.86% of the company. This total combines a beneficial-owner interest of 147,719,500 shares (including 662,000 unvested awarded shares) plus 1,305,500 underlying shares under share options; an interest of 34,767,500 shares attributed to his spouse; and an interest of 216,159,794 shares held through controlled corporations, comprising 179,084,764 shares held by Sunning Inc. and 37,075,030 shares held by Cordless Industries Company Limited, which the filing states is owned as to 70% by Mr Pudwill. The 21.86% figure is the company’s own disclosed aggregate interest under SFO attribution rules, as reported directly in the Annual Report; it is not an indirect percentage calculated by this profile through a separate multi-tier ownership chain, since the filing itself states the combined total. No other individual is disclosed as holding a notifiable interest at this level.

Data availability

Shareholder information for Techtronic Industries Company Limited is classed as Major shareholders only: as a Hong Kong-listed issuer, the company discloses director, chief-executive and substantial-shareholder interests that reach statutory SFO notification thresholds, dated 31 December 2025, but it does not publish a complete register of all shareholders.

Sources

• Techtronic Industries Company Limited, Annual Report 2025, “Report of the Directors” – Directors’ and Chief Executive’s Interests and Substantial Shareholders’ Interests, pages 76-95 – https://doc.irasia.com/listco/hk/techtronic/annual/2025/ar2025.pdf (retrieved 16 September 2026)
• Techtronic Industries Company Limited, Announcement of Results for the Year Ended December 31, 2025 – https://www.ttigroup.com/sites/default/files/2026-03/TTI%202025%20Annual%20Results%20Press%20Release%20_ENG_FINAL.pdf (retrieved 16 September 2026)

Directors and officers of Techtronic Industries Company Limited

As at 31 December 2025, per the company’s 2025 Annual Report, Techtronic Industries Company Limited’s board comprised 14 directors: six Group Executive Directors – Mr Horst Julius Pudwill (Executive Chairman), Mr Stephan Horst Pudwill (Executive Vice Chairman), Mr Steven Philip Richman (Chief Executive Officer, appointed CEO 21 May 2024 and Executive Director 6 August 2024), Mr Frank Chi Chung Chan (Group Chief Financial Officer), Mr Camille Jojo (Head of Group Legal, Compliance and Corporate Governance, re-designated Executive Director 1 December 2023) and Mr Kin Wah Chan (Operations Director & Group Executive Director) – together with eight Independent Non-Executive Directors: Mr Robert Hinman Getz (Lead Independent Non-Executive Director from 31 March 2025), Mr Peter David Sullivan, Mr Johannes-Gerhard Hesse, Ms Virginia Davis Wilmerding, Ms Caroline Christina Kracht, Mr Andrew Philip Roberts (Audit Committee Chairman), Ms Karen Ka Fai Ng and Mr Stephen Tsi Chuen Wong. No resigned or removed director is recorded for the period covered by the 2025 Annual Report.

On-file company records for this profile separately list a Group Controller and a Senior Vice President of Finance – Investor Relations. Neither of these titles appears among the 14 statutory directors named in the 2025 Annual Report, so they are treated here as company officers/executives rather than as verified board directors.

Recent officer changes

The company’s own disclosures record the following appointments within the recent review period: Mr Andrew Philip Roberts was appointed an Independent Non-Executive Director on 1 January 2024; Ms Karen Ka Fai Ng and Mr Stephen Tsi Chuen Wong were both appointed Independent Non-Executive Directors on 7 October 2024; and Mr Steven Philip Richman was appointed Chief Executive Officer on 21 May 2024 and subsequently appointed an Executive Director on 6 August 2024.

Data availability

Officer information for this entity is classed as Current only: the company’s Annual Report and website disclose the names, roles and appointment dates of its 14 current directors, but nationality is not disclosed for these individuals in the sources reviewed, and a full history of resigned or former directors was not compiled for this profile. Hong Kong’s disclosure framework for a listed issuer does not require public disclosure of directors’ nationality in the annual report.

Sources

• Techtronic Industries Company Limited, Annual Report 2025, “Report of the Directors” and Corporate Governance Report – https://doc.irasia.com/listco/hk/techtronic/annual/2025/ar2025.pdf (retrieved 16 September 2026)
• Techtronic Industries Company Limited, “Our Board” – https://www.ttigroup.com/company/our-board (retrieved 16 September 2026)

Group structure of Techtronic Industries Company Limited

Techtronic Industries Company Limited is the ultimate holding company of the Techtronic Industries group and is not itself a subsidiary of another corporate parent; it is a Hong Kong-incorporated, HKEX-listed public company whose largest single disclosed shareholder, Executive Chairman Mr Horst Julius Pudwill, holds an aggregate interest of approximately 21.86% (see the Shareholders section of this profile), below the level of outright ownership control. The company’s own 2025 Annual Report (Note 50, “Particulars of Principal Subsidiaries”) lists its principal subsidiaries as at 31 December 2025, nearly all wholly (100%) owned, directly or indirectly, and confirms that the group additionally held, at that date, 5 other manufacturing subsidiaries, 52 other trading subsidiaries, 19 other investment-holding subsidiaries and 17 dormant subsidiaries not individually itemised in the accounts because, in the directors’ opinion, this would result in particulars of excessive length.

Principal subsidiaries named in the 2025 Annual Report include Hong Kong entities such as TTI Investments (Dongguan) Company Limited, Techtronic Trading Limited and Techtronic Product Development Limited; Singapore entities Techtronic Industries Company Pte. Ltd. and TTI Singapore SPV Pte. Ltd.; European entities Techtronic Industries GmbH, DreBo Werkzeugfabrik GmbH and Techtronic Industries Central Europe GmbH (Germany), Techtronic Industries (UK) Ltd. and Vax Limited (United Kingdom), and Techtronic Industries France SAS; and North American entities including Milwaukee Electric Tool Corporation, Royal Appliance Mfg. Co., TTI Consumer Power Tools, Inc. and Techtronic Industries North America, Inc. (all United States). The Annual Report separately discloses one associate – Wuerth Master Power Tools Limited, a Hong Kong company engaged in the manufacture and sale of power equipment, in which the Group holds a 49.0% interest – which is not a subsidiary and is not consolidated on a line-by-line basis.

On-file company-database records held by Zavia additionally show a broader corporate-linkage tree for this group, spanning further jurisdictions including mainland China, Vietnam, the United States, Germany, the United Kingdom, France, Italy, Poland and the Nordic countries, among others. These on-file entity names and registration numbers were used only to cross-reference and identify subsidiaries also confirmed by name in the official Annual Report, and are not, on their own, treated as an independently verified source of ownership percentages.

Verified corporate relationships

Data availability

Corporate-linkage information for Techtronic Industries Company Limited is classed as Full for its status as ultimate parent and for its principal subsidiaries and one associate, which are itemised with ownership percentages in the company’s own filed Annual Report; it is Partial for the wider group, since 93 further subsidiaries (manufacturing, trading, investment-holding and dormant) are confirmed to exist by number and jurisdiction only, without individual names, registration numbers or percentages disclosed in the accounts.

Sources

• Techtronic Industries Company Limited, Annual Report 2025, Note 50 “Particulars of Principal Subsidiaries” and Note 51 “Particulars of an Associate” – https://doc.irasia.com/listco/hk/techtronic/annual/2025/ar2025.pdf (retrieved 16 September 2026)