TRENDZON HLDG (01865) Subsidiary plans to acquire 100% equity of Wuguishan Construction Engineering in Zhongshan City.

TRENDZON HLDG (01865) announced on March 4, 2025, that the buyer Penggao Green Energy New Energy (Guangzhou) Co., Ltd. (an indirectly wholly-owned subsidiary of the company) has entered into a purchase agreement with the sellers (Mr. Zhang Xinye and Mr. Zheng Zijian), wherein the buyer conditionally agrees to acquire and the sellers conditionally agree to sell all the shares of the target company (Zhongshan Wuguishan Construction Engineering Co., Ltd.) representing 100% equity. Upon completion, the buyer will own 100% equity of the target company, and the target company will become an indirectly wholly-owned subsidiary of the company, with the financial performance of the target company being consolidated into the financial statements of the company. In order to diversify the group's existing business portfolio and broaden its sources of income, the board of directors believes that the acquisition will leverage the target company's construction permits (including second-level general contracting for construction engineering, second-level specialized contracting for steel structure engineering, and second-level specialized contracting for foundation engineering) and the prospects and network in China to enhance the group's business. The board of directors also believe that integrating the target company's infrastructure construction business with the company's existing business will achieve synergies in the group's overall business. Through the acquisition, the group will be able to expand its pipeline construction business area, industrial park investments, comprehensive operation projects, and seize other potential construction opportunities, thus generating sustainable economic benefits for the company and its shareholders. The board of directors believe that the acquisition aligns with the group's investment strategy and once completed, will immediately bring new sources of income to the group, strengthen its revenue and customer base, increase shareholder value, and benefit the company and its shareholders as a whole.