DAFENG PORT(08310): The tender offeror has acquired the seller's shares for sale.

DAFENG PORT(08310) and the offeror DAFENG PORT (HK) Development Limited jointly announced that all preconditions under the agreement have been met (or waived, if applicable) and completed on January 15, 2025 as it was informed by the seller and offeror, the offeror has acquired the shares from the seller. Following completion and as of the date of this joint announcement, the target company is beneficially owned by the offeror with a 60% stake and by DAFENG PORT Development Group with a 40% stake. The offeror is wholly owned by DAFENG PORT Development Group. The target company holds 740 million shares, representing approximately 57.46% of the total issued shares as of the date of this joint announcement. The offeror has obtained legal control of the target company (as described in the Code on Takeovers and Mergers), and the voting rights held by the target company have been effectively transferred to the offeror. On the completion date, the offeror has paid 30% of the consideration in cash for Price One, Price Two, and Price Three and assumed the payment of unpaid capital for Share Capital One and Share Capital Two. As the offeror has obtained legal control of the target company (as described in the Code on Takeovers and Mergers) and the offeror, and the concert party holds approximately 57.46% interest in the company, the offeror must make a mandatory unconditional general offer in accordance with Rule 26.1 interpretation 8 of the Code and Practice Note 19 of the Code in respect of all the issued shares of the company (excluding the shares already held or agreed to be acquired by the offeror and the concert party).