According to Zhitong Finance APP, Vertical Int'l (08375) and the offeror Super Date Co., Ltd jointly announced that on December 5, 2024, the offeror has completed the purchase of approximately 0.188 billion shares of the company from Vertical Technology Investment Limited and Wen Haoran, accounting for about 65.33% of the total issued share capital of the company as of the date of this joint announcement, with a total consideration of approximately 57.4798 million Hong Kong dollars, equivalent to the sale of shares at 0.3055 Hong Kong dollars per share.

Shortly after completion and on the date of this joint announcement, the offeror and its concert parties will hold interests in approximately 0.188 billion shares, accounting for about 65.33% of the total issued share capital of the company. According to Rule 26.1 of the Takeovers Code, the offeror must therefore make a mandatory unconditional cash offer for all issued shares (excluding those owned and/or agreed to be acquired by the offeror and/or its concert parties). The cash offer for each share is 0.3055 Hong Kong dollars, a premium of approximately 42.09% over the closing price of 0.2150 Hong Kong dollars per share reported on the Stock Exchange on November 22, 2024 (the last trading day). The company has applied for the resumption of trading of its shares on the Stock Exchange at 9:00 AM on December 6, 2024.

As of the date of this joint announcement, the offeror is ultimately wholly owned by Guo Fan. The only director of the offeror is Guo Fan.