EG LEASING (00379) intends to acquire 100% of the issued shares of the target company and has entered into a memorandum of understanding.

EG LEASING (00379) announced that on April 30, 2026 (after the trading hours of the Hong Kong Stock Exchange), the company entered into a non-legally binding memorandum of understanding with the seller regarding a potential acquisition of issued shares. According to the memorandum of understanding, the buyer intends to acquire 100% of the issued shares of the target company, with the price to be paid based on the valuation of the shares. If the number of shares to be issued exceeds the general authorization limit, the potential acquisition may require special authorization and approval from the shareholders. The seller also intends to provide the buyer with an irrevocable profit guarantee based on the target group's financial performance in the subsequent financial years. The target group is primarily engaged in advanced thermal management business related to new materials, equipment, and technology. As of the date of this announcement, the target company is 100% owned by the seller. As of the date of this announcement, the target group is undergoing a share restructuring, and therefore the target company will legally own the majority of the equity of its Chinese subsidiary without any legal obligations.