CGII Holdings (01940) receives approximately a 60.38% discount on the full purchase offer and will resume trading on March 16th.

CGII Holdings (01940) and the offeror Tangde Gas Co., Limited jointly announced that the offeror has completed the acquisition of approximately 468 million sales shares (representing approximately 39.01% of the company's existing issued share capital as of the date of this joint announcement) from China Gas Investors Ltd. The total consideration for the sales shares is 30.10 million US dollars. Following the completion of the share purchase and as of the date of this joint announcement, the offeror and its concert parties collectively have interests in approximately 468 million shares (equivalent to approximately 39.01% of the company's issued share capital). On January 14, 2026, the seller (as transferor) and the offeror (as transferee) entered into a transfer agreement for the transfer of an amount of RMB 50.6715 million of receivables. The receivables are dividends owed by the company to the seller. After the transfer agreement is entered into, the offeror will pay the seller an amount equivalent to the receivables and will have the right to claim the receivables from the company. FIRST SHANGHAI will make and on behalf of the offeror, an offer in accordance with the Takeover Code to acquire all issued shares of the company's share capital (excluding shares that the offeror and its concert parties already own or agree to acquire). The offer price for each share is HK$0.626 in cash, representing a discount of approximately 60.38% to the closing market price of HK$1.58 per share on the last trading day on the Stock Exchange. The offeror intends to maintain the listing status of the shares on the Main Board of the Stock Exchange after the offer deadline. After the share purchase is completed, Hong Kong Witang Zhihe will continue to have interests in approximately 431.9 million shares (approximately 35.99% of the company's total issued share capital). Hong Kong Witang Zhihe has made an irrevocable and unconditional commitment to the offeror: (i) not to tender its shares to accept the offer; and (ii) not to transfer, pledge, sell, or encumber its shares in any way from the date of the commitment until the offer deadline. The irrevocable commitment is binding under all circumstances. In addition, the company has applied to resume trading of its shares on the Stock Exchange starting from 9:00 a.m. on March 16, 2026.