Zhaobangji Life (01660) intends to acquire 100% of the shares of Donghui Securities.

ZHAOBANGJI LIFE (01660) announced that on November 13, 2025, the company (as the buyer) signed a sale and purchase agreement with the sellers. The company conditionally agreed to acquire, while Seller 1 Ms. Wu Zhulianfen and Seller 2 Ms. Yang Jiayi conditionally agreed to sell Shares 1 and Shares 2 respectively, representing approximately 99.999995% and 0.000005% of the issued share capital of the securities company (East Exchange Securities). The consideration amount shall not exceed HKD 20 million. The securities company is a limited liability company registered in Hong Kong, mainly engaged in brokerage and trading of listed securities in Hong Kong, and has a license from the Hong Kong Securities and Futures Commission to conduct regulated activities under Type 1 (securities trading) in accordance with the Securities and Futures Ordinance. As of June 30, 2025, the net assets of the securities company were approximately HKD 5.3 million. The company is mainly engaged in trading of machinery and spare parts, machinery leasing and related services, transportation services, and lending business in Hong Kong, and property management services, machinery leasing and property leasing, subleasing, retail, lending, and other businesses in mainland China. Due to the slowdown in the real estate markets in Hong Kong and mainland China in recent years, the company's performance has been adversely affected, and the board of directors is actively seeking business diversification. The board of directors believes that the financial services industry in Hong Kong has promising prospects with macro support from government policies. The board of directors believes that acquiring the securities company provides a low-cost entry point for the group to enter the financial services industry and develop into a diversified financial platform. Based on these considerations, the directors believe that the proposed acquisition is in the overall interest of the company and its shareholders.