Jinke Smart Services faces revised takeover bid, judicial share transfers

Broad Gongga Investment Pte. Ltd. has launched a revised mandatory cash offer for all Jinke Smart Services Group Co., Ltd. shares, as detailed in a joint announcement dated December 18, 2025. This revised offer follows an initial composite document from September 26, 2025. The Offeror and its Concert Parties now hold, control, or direct an aggregate of 377,983,728 shares, representing approximately 63.30% of all issued shares.

The Offeror has secured irrevocable undertakings from Hengye Meihao, Mr. Xia Shaofei, Mr. Han Qiang, and Mr. Luo Chuansong, committing to accept the Revised Offer and vote in favor of the Delisting Resolution. These undertakings cover 50,516,464, 310,000, 120,000, and 100,000 Offer Shares, respectively. As of December 18, 2025, the Offeror and its Concert Parties had received acceptances for 44,136,882 shares and irrevocable undertakings for 108,046,364 shares.

Separately, Jinke Smart Services announced on December 18, 2025 that the remaining 500,000 shares held by Jinke Property Group Co., Ltd., approximately 0.08% of total issued share capital, were transferred to Mr. Ning Yu through a public auction under judicial enforcement on December 4, 2025. Mr. Ning Yu is independent of the company and Broad Gongga.