Broad Gongga launches cash offer for Jinke Smart Services

Broad Gongga Investment Pte. Ltd., a Singapore-incorporated private limited company, has launched an unconditional mandatory cash offer for all offer shares in Jinke Smart Services Group Co., Ltd. China International Capital Corporation Hong Kong Securities Limited made the offer on behalf of Broad Gongga. Details are in a joint announcement from December 4, 2025.

In support of the offer, an irrevocable undertaking was secured from CITIC Securities Company Limited on December 4, 2025. This undertaking covers 35,000,000 offer shares, representing approximately 5.86% of the total shares, committing CITIC to accept the revised offer under specific conditions, including approval of a delisting resolution and a minimum of 90% acceptance from disinterested shareholders.

Shareholders are advised to review the initial composite document carefully, including advice from the independent financial adviser and the independent board committee's recommendation, before making any decisions. The directors of the offeror and the shareholder-cum-directors of Boyu, along with the directors of Jinke Smart Services, jointly and severally accept full responsibility for the accuracy of information within the announcement.