Shandong Fengxiang privatisation achieves key pre-conditions

Shandong Fengxiang and Jingyu Enterprise Development announced today that all pre-conditions for the proposed privatisation of Shandong Fengxiang have been met. The privatisation, by way of merger by absorption by Jingyu Enterprise Development, will also lead to the proposed withdrawal of the company's listing. The announcement follows a previous announcement made on April 11, 2025, and another on May 2, 2025, regarding delays in the dispatch of the composite document. The latest deadline for dispatch of the composite document to H Shareholders is now set for no later than July 11, 2025. Further announcements will be made by both parties in compliance with the Takeovers Code. A detailed timetable for the merger will be set out in the Composite Document and in a joint announcement to follow its despatch.