BRIGHT FUTURE (01351) changes ownership, acquiring approximately 41.18% discount in a full takeover bid. Trading to resume on September 18th.

Bright Future (01351) and the offeror Swift Ascent Limited jointly announced that on September 15, 2025, the offeror completed the acquisition of approximately 322 million shares of the company, representing approximately 53.65% of the total issued share capital of the company as of the date of this joint announcement, for a total cash consideration of 80.4744 million Hong Kong dollars (equivalent to 0.25 Hong Kong dollars per share). Following the completion and as of the date of this joint announcement, the offeror, Ms. Jiang Huanyang and any other parties acting in concert with them collectively hold interests in approximately 322 million shares, representing approximately 53.65% of the total issued share capital of the company. Therefore, in accordance with Rule 26.1 of the Takeovers Code, the offeror must make a mandatory unconditional cash offer in respect of all issued shares (excluding the shares already owned by the offeror and parties acting in concert with it). The offer price for the offer shares is cash 0.25 Hong Kong dollars per share, representing a discount of approximately 41.18% to the closing market price of 0.425 Hong Kong dollars per share on the Stock Exchange of Hong Kong on September 12, 2025 (the last trading day). Following the conclusion of the offer, the offeror intends for the group to continue its main business operations and maintain the company's listing status. In addition, the company has applied to the Stock Exchange for trading in the shares to resume at 9:00 a.m. on September 18. It is reported that the offeror is fully owned by Ms. Jiang Huanyang.