GAODI HOLDINGS (01676) plans to acquire 100% equity of Able Talent Asia Limited for 20 million RMB.

GAODI HOLDINGS (01676) announced that on August 11, 2025, the company plans to acquire 100% equity of Able Talent Asia Limited from Mr. Ho Kah Jun for RMB 20 million, to be paid in cash by the group. The target group is mainly engaged in providing catering management services in China. The group has been looking for suitable projects and/or investments with attractive profit potential for acquisition, in order to diversify the group's business and bring returns to the company's shareholders. The directors believe that the target group has good growth potential and will become a value-added complement to the group's existing business. The directors also believe that the acquisition is beneficial to the company and its shareholders. Upon completion, the target company will become a wholly-owned subsidiary of the company, and its main operating subsidiary in China will become an indirectly non-wholly-owned subsidiary of the company, with the financial performance of the target group being consolidated into the group's financial statements.