China National Seed Group launches tender offer for Winall Hi-Tech Seed shares

China National Seed Group Co., Ltd. (CNSGC) is making a cash tender offer to acquire 189,466,350 shares of Winall Hi-Tech Seed, representing a partial acquisition of the company's equity. The offer price is set at 11.85 yuan per share. The tender offer period runs from December 4, 2025, to January 5, 2026. This acquisition aims to strengthen CNSGC's control over Winall Hi-Tech Seed, driven by confidence in the latter's future development and intrinsic value.

As of December 10, 2025, the tender offer had received pre-acceptance from 351 accounts, totaling 85,003,703 shares. This represents 44.865% of the intended acquisition volume and 8.973% of Winall Hi-Tech Seed's total share capital. The offer price of 11.85 yuan per share is higher than the arithmetic average of the daily weighted average prices of the stock over the 30 trading days prior to the announcement, which was 9.12 yuan per share.

Shareholders can pre-accept the offer using declaration code 990086. The offer is for unrestricted tradable shares; shares under pledge, judicial freeze, or other restrictions are not eligible. Shareholders can withdraw their pre-acceptance during the offer period, except for the last three trading days (December 30, 2025, December 31, 2025, and January 5, 2026).