Zhixin Finance App News, Shishi Services (08181) and the offeror (Executive Director He Yingcai) jointly announced that on September 30, 2024, Executive Director He Yingcai completed the acquisition of a total of approximately 0.626 billion shares of sale shares from Heng Seng Capital Limited, accounting for approximately 55.45% of the company's total issued share capital as of the date of this joint announcement, at a total price of approximately 36.9382 million Hong Kong dollars, equivalent to a sale price of 0.059 Hong Kong dollars per share. The consideration is to be used to settle the outstanding debts of the offeror to the seller after completion by offsetting; and the remaining balance of approximately 0.1087 million Hong Kong dollars will be paid in cash.

Immediately after completion and as of the date of this joint announcement, (i) the offeror and its concert parties collectively have interests in a total of approximately 0.626 billion shares, representing approximately 55.45% of the company's total issued share capital as of the date of this joint announcement; and (ii) the seller will no longer have any interests in the shares.

According to Rule 26.1 of the Takeover Code, after completion, the offeror is responsible for making a mandatory unconditional cash offer for all issued shares (excluding those already held or agreed to be acquired by the offeror and its concert parties). The cash offer price per share is 0.059 Hong Kong dollars, a discount of approximately 24.36% from the closing price per share of 0.078 Hong Kong dollars reported on the Stock Exchange on September 27, 2024. Based on a benchmark calculation involving approximately 0.503 billion shares covered by the offer and assuming no change in the number of issued shares before the offer deadline, the value of the offer is approximately 29.672 million Hong Kong dollars.