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

China National Seed Group Co., Ltd. (CNSGC) has issued its second indicative announcement for a tender offer to acquire a portion of Winall Hi-Tech Seed Co., Ltd. shares. The tender offer period is set from December 4, 2025, to January 5, 2026. During the final three trading days of this period—December 30, 2025, December 31, 2025, and January 5, 2026—shareholders can withdraw their declared pre-acceptance of the offer for that day, but cannot retract pre-acceptances already held by China Securities Depository and Clearing Corporation Limited Shenzhen Branch.

The offer price for the shares is CNY 11.85 per share, with CNSGC intending to acquire 189,466,350 shares. This tender offer is voluntary and not intended to delist the company. As of December 18, 2025, 611 accounts had pre-accepted the offer, totaling 90,521,659 shares, representing 47.777% of the intended acquisition amount and 9.555% of Winall Hi-Tech Seed's total share capital. The offer price of CNY 11.85 per share is higher than the arithmetic average of the daily weighted average price of Winall Hi-Tech Seed shares for the 30 trading days prior to the summary announcement, which was CNY 9.12 per share.