Changhong Jiahua privatization progresses, pre-conditions still outstanding

Hongtu Investment Co., Limited, as the Offeror, and Changhong Jiahua Holdings Limited are proceeding with the proposed privatization of Changhong Jiahua by way of a scheme of arrangement and its subsequent delisting. The proposal remains subject to non-waivable pre-conditions, including obtaining necessary approvals, registrations, filings, reports, and authorizations from Mianyang City SASAC, Sichuan Provincial Development and Reform Commission, Sichuan Provincial Department of Commerce, and the State Administration of Foreign Exchange of the PRC. As of November 13, 2025, all pre-conditions remain outstanding, though filings have been made to the aforementioned Sichuan provincial authorities and Mianyang City SASAC.

The Offeror and Company are actively working on the Scheme Document. An extension for dispatching the Scheme Document has been granted by the Executive, pushing the deadline to seven days after the satisfaction of all pre-conditions or September 27, 2026, whichever is earlier.

Shareholders and potential investors are cautioned that the Proposal and Scheme are subject to these pre-conditions and may not be implemented or become effective. They are advised to exercise caution when dealing in the company’s ordinary shares and to consult professional advisers if in doubt.