Be Friends Holding delays acquisition circular until late September

Be Friends Holding Limited has announced a delay in the dispatch of its circular pertaining to the acquisition of the entire equity interests in a target company. The circular was originally expected to be sent to shareholders on or before September 12, 2025. This document was intended to provide further details on the acquisition terms, recommendations from the independent board committee, advice from the independent financial adviser, a notice for an extraordinary general meeting, and other information required by listing rules.

The company stated that additional time is needed to prepare and finalize certain information for inclusion in the circular. Consequently, the new expected dispatch date for the circular is now on or before September 30, 2025. This update follows previous announcements made on August 5, 2025, and August 22, 2025, regarding the acquisition.

As of September 12, 2025, the executive directors of Be Friends Holding Limited are Mr. Li Jun, Mr. Li Liang, and Ms. Zhao Hui Li, while the independent non-executive directors are Mr. Kong Hua Wei, Mr. Ma Zhan Kai, and Dr. Yu Guo Jie.