HOPE LIFE INT (01683) plans to acquire the remaining 30% stake in Jiangxi Zhongniang Liquor Industry for HK$41 million.

HOPE LIFE INT (01683) announced that on December 1, 2025, the buyer (an indirect wholly-owned subsidiary of the Company) entered into a sale and purchase agreement with the seller, Jiangxi Gushan Liquor Industry, in which the buyer conditionally agreed to purchase and the seller conditionally agreed to sell the equity interest (30% shareholding in the target company, Jiangxi Zhongniang Liquor Industry) for a consideration of HK$41 million. The purchase consideration will be settled by the buyer by causing the Company to issue convertible bonds at HK$0.4606 per share upon completion of the purchase transaction with a total value of HK$41 million; and the lessee (an indirect wholly-owned subsidiary of the Company) entered into a lease agreement with the lessor, where the lessee conditionally agreed to lease and the lessor conditionally agreed to lease out the property (Fuxi Industrial Park in Nanfeng County) for a term of 15 years, with a total rental amount of RMB 32.6873 million (equivalent to approximately HK$35.9233 million). The lease consideration will be settled by the lessee by causing the Company to issue convertible bonds at HK$0.4606 per share upon completion of the lease transaction with a total value of HK$35.9233 million. The target company is a limited liability company established under Chinese law, primarily engaged in traditional liquor manufacturing and sales in China. As of the date of this announcement, the company is an indirect subsidiary of the Company with 70% equity interest. The target company was jointly established by the Group and the seller in 2020 with a registered capital of RMB 50 million, of which the seller owns a 30% stake. The target company has shown good financial performance. Since January 2025, the Company has observed strong growth in demand for its Huangjiu products. Sales of the Group's Huangjiu products have increased by approximately 50% compared to the same period last year. Upon completion of the purchase transaction, the Company will have absolute control over the target company.