Guangdong-Hong Kong Greater Bay Area Holdings shareholders approve acquisition, whitewash waiver

At an Extraordinary General Meeting (EGM) held on October 21, 2025, Guangdong – Hong Kong Greater Bay Area Holdings Limited announced the successful passing of both an ordinary and a special resolution. The ordinary resolution, approving a Sale and Purchase Agreement, garnered 270,016,219 votes (99.88%) for and 313,479 votes (0.12%) against. The special resolution, which granted a whitewash waiver, received 269,664,219 votes (99.75%) for and 665,479 votes (0.25%) against.

China GBA Holdings, holding 414,665,566 shares (50.94% of total issued shares), abstained from voting due to a material interest. The total number of shares eligible to vote on the resolutions was 399,437,534. The Executive conditionally granted the Whitewash Waiver on October 16, 2025, and this condition has now been fulfilled.

The company anticipates the completion of the acquisition on October 23, 2025, pending approval from the Listing Committee of The Stock Exchange of Hong Kong Limited for the listing and dealing in the Consideration Shares. Following completion, the Vendor will hold 310,000,000 shares (27.58%) of the enlarged share capital, while China GBA Holdings’ stake will dilute to 36.89%.