Ma Liyang responds for the first time to the acquisition of MOST KWAI CHUNG (01716): creating a dual capital platform of "A shares + overseas"

The acquisition of MOST KWAI CHUNG (01716) is an independent capital operation and will not compete with Indium Target Advanced Materials (Harbin) Co. There are currently no plans for MOST KWAI CHUNG to operate the indium industry project. On April 24th, Ma Liyang said in a phone call. Ma Liyang is the chairman of Indium Target Advanced Materials (Harbin) Co. (000711.SZ) and the new controlling shareholder of MOST KWAI CHUNG. After completing the acquisition of 65% equity of MOST KWAI CHUNG, a Hong Kong-listed company, this entrepreneur with four degrees from Tsinghua University spoke out for the first time about the positioning of his two listed companies. On March 12th, Ma Liyang acquired 1.755 billion shares of MOST KWAI CHUNG through his company, Sun Jun Legend Limited, for a total price of 122.2 million Hong Kong dollars, equivalent to 65% of the company's issued share capital. By April 23rd, the full tender offer had been completed in accordance with regulations, with a total shareholding of 65.1%. This move has attracted interest in how to balance the businesses of the two listed platforms in mainland China and Hong Kong. "First, I will fully support MOST KWAI CHUNG in its existing media business; second, I currently do not plan to involve MOST KWAI CHUNG in businesses related to indium and its downstream products, allowing them to operate independently and avoid competition in their respective main industries; third, I will strive to develop MOST KWAI CHUNG into a high-quality company with a more international perspective and diversified business," Ma Liyang responded to each point in a phone interview. He emphasized that this acquisition is an independent capital operation and did not use any funds from the listed company Indium Target Advanced Materials (Harbin) Co. The two companies are completely independent in terms of assets, finance, personnel, and business, and there is no competition between them. He stressed that the underlying logic of this acquisition is to build a "A-share + overseas" dual capital platform system. The A-share platform will be based on the indium industry chain system that Ma Liyang has built over the years, relying on mainland capital market resources to create a high-tech new key material business system with the indium industry chain as its core. "I have full confidence in the mainland capital market and currently have no intention of using any capital platform outside of Indium Target Advanced Materials (Harbin) Co. to enter the indium industry chain related business," Ma Liyang said. The overseas platform is to establish a financing and capital operation system for global capital markets, efficiently raise funds from overseas capital markets, and efficiently invest in overseas projects. "The Hong Kong capital market is our best choice for overseas capital operation, as we can leverage the advantages of being backed by our motherland to gain all the benefits of Chinese enterprises, as well as use Hong Kong's unique position to quickly acquire overseas resources. Between China and the West, the Pearl of the Orient will always maintain its unique window position," Ma Liyang said. For MOST KWAI CHUNG, Ma Liyang outlined a blueprint that is both true to its roots and explores new avenues. He stated that he will continue to employ the existing management and employees, support MOST KWAI CHUNG in strengthening and expanding its existing media business, and will also develop new business opportunities. "I aim to develop MOST KWAI CHUNG into a listed company with a more international perspective and diversified business," Ma Liyang said. Ma Liyang emphasized that Indium Target Advanced Materials (Harbin) Co. and MOST KWAI CHUNG, although independent and with no intersecting business, as the controlling shareholders of the two companies, can rely on the resource advantages of the two platforms to contribute to the steady growth and strategic layout of the other platform with the results and capital accumulation of their independent operations. "What I look forward to is for both platforms to excel individually while also contributing to each other," Ma Liyang concluded.