ADD NEW ENERGY (02623) obtains about 48.7% discount to make a full purchase offer, and will resume trading in the afternoon of November 4th.

ADD NEW ENERGY (02623) and Prominence Investment Holding Company Limited jointly announced that on October 15, 2025 (after trading hours on the Stock Exchange), the seller (as the seller) entered into a sales agreement with the offeror and buyer B Wu Haigan (as the buyer), whereby the seller agreed to sell and the buyer agreed to purchase a total of 195 million shares of the company (representing approximately 55.66% of the company's issued share capital as of the date of this announcement) for a total cash consideration of HK$80 million (equivalent to approximately HK$0.4103 per share of the sales shares). Specifically, the sale and purchase of the sales shares under the sales agreement are as follows: (a) The offeror will purchase 175 million shares of sales shares from the seller A Hongfa Holdings Limited (representing approximately 50.10% of the company's issued share capital as of the date of this announcement) for a cash consideration of HK$72.0122 million; and (b) Buyer B will purchase a total of 19.4663 million shares of sales shares (representing approximately 5.56% of the company's issued share capital as of the date of this announcement), including 11.3291 million shares of sales shares purchased from seller A and 8.1372 million shares of sales shares purchased from Mr. Li Yunde, chairman and executive director of seller B's board of directors, for a total cash consideration of HK$7.9878 million. The completion was implemented on October 15, 2025, immediately following the signing of the sales agreement. Immediately prior to completion, the offeror, its ultimate beneficial owners, and any concerted action parties (including buyer B) did not hold, own, control, or have any interests in the company's shares or other securities. Following completion and as of the date of this announcement, the offeror, its ultimate beneficial owners, and any concerted action parties (including buyer B) collectively hold interests in a total of 195 million shares (representing approximately 55.66% of the company's total issued share capital). In accordance with Rule 26.1 of the Takeover Code, following completion, the offeror must make an unconditional mandatory cash offer for all issued shares (excluding shares held or agreed to be acquired by the offeror and its concerted action parties). The cash offer for each offer share is HK$0.4104, representing a discount of approximately 48.70% compared to the closing price of HK$0.800 per share on the Stock Exchange on October 15, 2025 (the last trading day). Taking into account the 195 million shares already held by the offeror and its concerted action parties (including buyer B) as of the date of this announcement, the offer will involve a total of 155 million shares (assuming no change in the total number of issued shares from the date of this announcement to the end of the offer period). Based on the offer price of HK$0.4104 per offer share and a total of 155 million offer shares, the value of the offer will be approximately HK$63.7461 million. The company has applied to the Stock Exchange to resume trading of its shares at 1:00 pm on November 4, 2025.