ZHONGSHENJIANYE (02503) intends to acquire 100% equity of Huajian Development Limited for approximately 213.6 million Hong Kong dollars.

Zhongshen Jianye (02503) announced that on November 6, 2025, the company plans to acquire 100% equity of Huajian Development Limited from Huajian Investment Limited, Huajian Consulting Limited, and Huajian Technology Limited for a total consideration of approximately 213.6 million Hong Kong dollars. The company will issue and issue approximately 403 million consideration shares at a price of HK$0.53 per share to the seller or its nominee for payment. The target company is mainly engaged in investment holdings. As part of the group's construction engineering services, the group is responsible for supervising its construction projects. Considering that Huajian Engineering specializes in the field of engineering supervision, the board of directors believes that the acquisition is a good opportunity for the group to enter the field of engineering supervision and enhance its supervision capabilities. The acquisition is beneficial for integrating the group's resources in contracting construction projects, thereby expanding its customer base and further enhancing its position and competitiveness in the construction industry.