TWINTEK (06182) changes ownership, receives a discount of approximately 74.3% for the complete takeover offer, and is scheduled to resume trading on November 5th.

TWINTEK (06182) and the offeror Mars Nest Limited jointly announced on October 28, 2025 that the offeror and Mr. Li Haoyuan respectively purchased 510 million shares and 90 million shares of the company's stock, representing 63.75% and 11.25% of the total issued share capital of the company on the date of this joint announcement, at a total price of approximately HK$124 million and HK$21.9375 million, respectively, equivalent to a price of HK$0.24375 per share. Following the completion and as of the date of this joint announcement, the offeror and its concerted parties collectively hold a total of 600 million shares, representing 75% of the total issued share capital of the company. In accordance with Rule 26.1 of the Takeover Code, the offeror is required to make a mandatory unconditional cash offer to acquire all the shares in the company's issued share capital, at a cash price of HK$0.24375 per offer share, representing a discount of approximately 74.3% to the closing market price of HK$0.950 per share on the last trading day on the Stock Exchange. The company has applied to the Stock Exchange for the resumption of trading in its shares from 9:00 am on Wednesday, November 5, 2025. As of the date of this joint announcement, the offeror is legally, beneficially, and wholly owned by Mr. Liu Chuang, who is also the sole director of the offeror. In addition, the offeror proposes that the board of directors change the company's English name from "Twintek Investment Holdings Limited" to "Bitfree X Holdings Limited" after the offer closes, and adopt "" as the company's Chinese bilingual name to replace the existing Chinese bilingual name "TWINTEK".