Change in controlling ownership: ETS GROUP (08031) receives a cash takeover offer at a discount of approximately 15.08%, and will resume trading on January 20th.

ETS GROUP (08031) and the offeror UMBO GROWTH TRADING LIMITED jointly announced that on January 12, 2026 (after trading hours), the seller and the offeror entered into a sale and purchase agreement. The seller conditionally agreed to sell and the offeror conditionally agreed to purchase the shares for sale, which is 210 million shares, equivalent to approximately 71.04% of the total issued share capital of the company as of the date of this joint announcement, at a price of HK$57.96 million (i.e. HK$0.276 per share for the shares for sale). Subsequently, on January 14, 2026, the company received further notice from the offeror that all the conditions precedent to the sale and purchase agreement had been fulfilled, and the sale of the shares for sale was completed on January 14, 2026. Prior to completion, the offeror, Mr. Xiao, and any other parties acting in concert with them did not own or control any shares. Following completion and as of the date of this joint announcement, the offeror, Mr. Xiao, and any other parties acting in concert with them collectively held interests in 210 million shares, representing approximately 71.04% of the total issued share capital of the company. Pursuant to Rule 26.1 of the Takeovers Code, the offeror must make a general offer for all the issued shares (excluding the shares already owned or agreed to be acquired by the offeror, Mr. Xiao, and any other parties acting in concert with them) following completion. The offer price of HK$0.276 per share represents a discount of approximately 15.08% to the closing price of HK$0.325 per share on the last trading day on the Stock Exchange. The company has applied to the Stock Exchange for trading in the shares to resume on January 20, 2026, starting from 9:00 am.