The controlling shareholder of ES Services (01995) entered into a three-year pre-subscription option trading agreement with LMR, as well as sales and swap transactions.

ES SERVICES (01995) announced that on December 12, 2025, Spectron Enterprises Limited (Spectron) (a wholly-owned subsidiary of Sun Hui Holdings) has entered into a three-year forward subscription option transaction with LMR Multi-Strategy Master Fund Limited and a sale and swap transaction for 407 million shares of the company (referred to as the proposed transaction). The board of directors expects that even if the proposed transaction is implemented, it will not have any adverse impact on the business operations of the group; the company will make further announcements on the proposed transaction at the appropriate time in accordance with listing rules and applicable laws.