LEGEND UPSTAR (00459) received a 77.33% premium from the chairman to privatize and resume trading on December 10th.

20:35 09/12/2025

China Union Holdings (00459) and the offeror Wealth Builder Holdings Limited jointly announced that on December 3, 2025, the offeror requested the board of directors to submit proposals to planned shareholders in a planned manner to privatize the company. If the proposal is approved and implemented, it will result in the offeror privatizing the company and canceling the listing status of the shares on the Stock Exchange in accordance with Section 86 of the Companies Ordinance. Under the plan, the cancellation price will be HK$0.133 per planned share, a premium of approximately 77.33% over the closing price of HK$0.075 per share on the last trading day on the Stock Exchange. The company has applied to the Stock Exchange to resume trading of its shares from 9:00 am on Wednesday, December 10, 2025.

LEGEND UPSTAR (00459) and the offeror, Wealth Builder Holdings Limited, jointly announced that on December 3, 2025, the offeror requested the board to submit a proposal to the planned shareholders to privatize the company in a planned manner. If the proposal is approved and implemented, it will result in the offeror privatizing the company under Section 86 of the Companies Act and delisting the shares from the Stock Exchange. According to the plan, the cancellation price will be HKD 0.133 per planned share, representing a premium of approximately 77.33% over the closing price of HKD 0.075 per share on the last trading day on the Stock Exchange. The company has applied to the Stock Exchange to resume trading of its shares starting from 9:00 am on December 10, 2025 (Wednesday). It is understood that the offeror, indirectly and beneficially owned by Mr. Wong Kin Yip through Luck Gain, holds no other business activities apart from holding equity interests. Mr. Wong Kin Yip is the Chairman and Executive Director of the company, as well as a director and the sole ultimate beneficial owner of the offeror.

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