LEVER STYLE (01346) plans to acquire AAG Australia and America assets for $13 million.

LEVER STYLE (01346) announced on December 17, 2025 that its indirect wholly-owned subsidiary, Lever Style Limited, intends to acquire the assets for sale from Active Apparel Group Pty Ltd and Active Apparel Group (America) LLC for an initial purchase price of $13 million. The assets for sale include (1) AAG (Australia) assets for sale and (2) AAG (America) assets for sale. AAG (Australia) assets for sale refer to AAG (Australia) purchase orders, AAG (Australia) accounts receivable, and AAG (Australia) asset records; AAG (America) assets for sale refer to AAG (America) purchase orders, AAG (America) accounts receivable, and AAG (America) asset records. The announcement stated that the seller's sportswear business is a rapidly growing sector in the clothing industry, which complements the Group's existing strengths in the fashion sector. The complexity of the seller's products and customer base also aligns with the Group's high-end positioning. The Group plans to increase value by cross-selling more products to the seller's customers and enhancing operational leverage. Due to the negative impact of the deteriorating economic environment on organic business, the Group has shifted focus to seeking non-organic growth opportunities.