WISDOMCOME GP (08079) intends to acquire 49% equity stake of Weide Grape for 2.76 million Hong Kong dollars.

WISDOMCOME GP (08079) announced that on March 20, 2026 (after trading hours), the company has entered into a sale and purchase agreement with the seller, Lit Enterprises Limited. The company has conditionally agreed to purchase, and the seller has conditionally agreed to sell, 49% of the shareholding in the target company, Weide Grapes, for a consideration of HK$2.76 million, to be settled by way of issuing consideration shares under the general mandate. The board believes that the acquisition, through expanding the group's retail business and product portfolio with high-end wines, is beneficial to the group's existing business. The specific reasons are as follows: 1. Expansion of product portfolio and increase in average order value The target company has long-term relationships with various European wine suppliers and wineries. By incorporating wines into the group's retail business, it can help expand the product portfolio and provide customers with a quality shopping experience, ultimately leading to an increase in the average order value and the group's sales revenue. 2. Strengthening management experience and sales network in China The target company has experience and sales networks in China. By leveraging the target company's management experience and possibly expanding the group's sales network to attract new customers from China, it can bring synergies to the group. By issuing consideration shares to the target company's shareholders, it ensures that key personnel and management are committed to the success and performance of the expanded group. Additionally, by settling the consideration of the acquisition in shares, the group can retain its working capital and capital to seize future business opportunities. Furthermore, issuing consideration shares helps broaden the shareholder base. Overall, a share-based consideration aligns the interests of key management, preserves financial flexibility, and ensures compliance with applicable regulatory requirements to support the company's long-term strategic goals.