BRIGHT SMART(01428): All completion conditions have been met except for the conditions that can only be met upon completion of the share purchase agreement. Resumption of trading will take place on March 17.

BRIGHT SMART (01428) and the offeror WEALTHINESS AND PROSPERITY HOLDING LIMITED jointly announced that on March 15, 2026, the offeror has completed the reporting procedures to the relevant Chinese authorities for the proposed transactions under the share purchase agreement in accordance with the "Measures for the Administration of Outbound Investment by Enterprises" (which came into effect on March 1, 2018, and has been revised). Therefore, completion condition (c) has been fulfilled. As disclosed in the announcement updated in October 2025, for completion condition (b), on September 23, 2025, the offeror obtained approval from the Securities and Futures Commission under Section 132(1) of the Securities and Futures Ordinance for the offeror and other relevant parties to become substantial shareholders of a regulated group company (substantial shareholder approval). The substantial shareholder approval remains valid, but must be implemented within six months of the approval date (i.e. March 23, 2026) or within a longer period approved by the Securities and Futures Commission in writing. The offeror has applied to the Securities and Futures Commission, which has approved the extension of the validity period of the substantial shareholder approval until April 30, 2026. Therefore, all completion conditions have been fulfilled except for those that are only required to be fulfilled upon completion of the share purchase agreement. It is expected that the completion conditions that are only required to be fulfilled upon completion of the share purchase agreement will be fulfilled or exempted at the time of completion. The Company has applied to The Stock Exchange of Hong Kong Limited to resume trading of its shares on March 17, 2026, starting at 9:00 am (Hong Kong time).