China VC holdings acquires majority stake in affluent foundation, triggers mandatory offer

China VC Holdings Limited has acquired a 75% stake in Affluent Foundation Holdings Limited by purchasing 900,000,000 shares from Oriental Castle Group Limited for HK$80,000,000. This translates to an offer price of HK$0.089 per sale share. The acquisition, completed on October 15, 2025, makes China VC Holdings the controlling shareholder.

Following the completion, a mandatory unconditional cash offer will be made by Yellow River Securities Limited on behalf of China VC Holdings to acquire all remaining issued shares of Affluent Foundation Holdings at HK$0.089 per share. This offer targets the 300,000,000 shares not already owned or agreed to be acquired by China VC Holdings, valuing the potential full acceptance consideration at HK$26,700,000.

Trading in Affluent Foundation Holdings shares, suspended since October 16, 2025, is scheduled to resume on the Stock Exchange on October 24, 2025. China VC Holdings intends to maintain the company's listing. Shareholders are advised to exercise caution and consult professional advisers regarding the offer.