Changhong Jiahua appoints Somerley Capital as independent financial adviser

Changhong Jiahua Holdings Limited announced the appointment of Somerley Capital Limited as the independent financial adviser for the company's proposed privatization. This appointment, approved by the independent board committee, will see Somerley advise on the proposal and scheme of arrangement under section 99 of the Companies Act, as detailed in the joint announcement dated September 22, 2025. Somerley Capital is licensed to conduct Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities under the SFO.

The letter of advice from Somerley to the independent board committee will be included in the scheme document. This document, which will detail the proposed privatization by offeror Hongtu Investment Co., Limited, is expected to be dispatched to shareholders in due course, adhering to the requirements of the Takeovers Code and other applicable regulations.

Shareholders and potential investors are urged to exercise caution when dealing in the company's shares, as the proposal and scheme are subject to pre-conditions and may not be implemented or become effective. The board of Changhong Jiahua Holdings Limited, led by chairman and executive director Zhu Jianqiu, confirmed this announcement on October 3, 2025, and accepts full responsibility for its accuracy.