Bright Beam Holdings (08152) subsidiary intends to acquire 100% stake of Bright Joy Group for 650,000 euros.

Bright Holdings (08152) announced that on December 10, 2025, the buyer E-Feng Construction Co., Ltd. (an indirect wholly-owned subsidiary of the Company) entered into a sale and purchase agreement with the sellers Palmieri S.P.A., Patrizia Pierallini, and Liu Yuxin. Under the agreement, the buyer conditionally agreed to acquire and the seller conditionally agreed to sell the target shares (11.32 million ordinary shares of target company Mingyi Group Limited, representing 100% of the share capital of the target company) for a total consideration of 650,000 euros (equivalent to approximately HK$5.87 million). As a strategic growth objective, the Group's management has been actively exploring and seeking local and overseas business opportunities. The target group was a supplier to the Group before completion. The Board believes that the acquisition will enhance the Group's business diversification and expand its revenue sources. The acquisition will bring significant strategic and operational benefits to the Group, strengthening supply chain stability and revenue diversification. The Board believes that the vertical integration of the target group as an upstream supplier will create synergies for the Group's business. Through the acquisition, the Group will be able to utilize the target group's production capacity and existing brand recognition, which can be integrated into the Group's products supply. The Group will gain full control over the production process, thereby reducing production costs and enhancing the Group's competitive advantage. In addition, obtaining exclusive distribution rights for certain products, including disc-shaped milling cutters owned by the target group, will significantly expand the Group's market coverage, facilitating the exploration of new growth opportunities in mainland China and Singapore. Furthermore, the Board believes that the acquisition is a good opportunity to acquire the target group, as the consideration is discounted compared to the target group's valuation and audited net asset value.