GNI Group to exit Governance Partners Asia Fund, streamline investments

GNI Group Ltd. will terminate its equity relationship with Governance Partners Asia Limited Partnership, a consolidated subsidiary, as of December 22, 2025. This decision aims to improve investment management efficiency and review the group's ownership structure, which will exclude the fund from GNI Group’s scope of consolidation.

The withdrawal means that 4,000,000 shares of Japan Asia Investment Co., previously held by the fund, will be distributed in kind and directly held by GNI Group. The fund, established in April 2024, had GNI Group Ltd. as a 90.91% capital contributor prior to this change.

GNI Group expects the impact of this withdrawal on its consolidated financial results for the fiscal year ending December 2025 to be immaterial. This disclosure is voluntary.