Swift Ascent acquires majority stake in Bright Future Technology, launches cash offer

Swift Ascent Limited completed the acquisition of 321,897,769 shares, approximately 53.65% of Bright Future Technology Holdings Limited's issued share capital, for HK$80,474,442.25. The transaction, finalized on September 15, 2025, makes Swift Ascent, wholly owned by Ms. Jiang, the controlling shareholder.

Following the acquisition, Fuze Securities (International) Limited, on behalf of Swift Ascent, is now making a mandatory unconditional cash offer to acquire all remaining issued shares of Bright Future Technology Holdings Limited at HK$0.25 per share. This offer price matches the per-share price of the initial acquisition. The total consideration for the full acceptance of this offer would amount to HK$69,525,557.75, valuing the company's total issued share capital at HK$150,000,000.

Trading in Bright Future Technology Holdings shares, which was suspended on September 15, 2025, is scheduled to resume on September 18, 2025, at 9:00 a.m. The offeror intends to maintain the listing status of the company and finance the offer through its internal resources.