ACESO LIFE SCI (00474) intends to subscribe for 2102 shares of IFGL.

ACESO LIFE SCI(00474) announced that on May 4, 2026, the company entered into a subscription agreement with IFGL. The company conditionally agreed to subscribe, while IFGL conditionally agreed to issue and issue 2102 shares of IFGL shares at a total subscription price of HK$167 million. The relevant amount will be paid by the company issuing consideration shares to IFGL (or its nominees) according to special authorization. The total 2102 shares subscribed represent approximately 15.81% of the total number of IFGL shares issued on the date of this announcement, and approximately 13.65% of the total number of IFGL shares issued and enlarged by the issue of subscription shares (assuming that apart from the issue of subscription shares, there has been no change in the issued share capital of IFGL from the date of this announcement to the completion date). IFGL is a limited company registered in the British Virgin Islands. IFGL is a direct, non-wholly owned subsidiary of IMAGI INT'L Holdings Limited, whose shares are listed on the main board of the Stock Exchange (00585). IFGL, through its subsidiaries, is mainly engaged in providing comprehensive financial services, including but not limited to securities brokering and related services; margin financing; asset management; lending; and securities investment and proprietary trading. The directors believe that the subscription represents a strategic progression in the group's investment in IFGL. Upon completion, IFGL will be accounted for as an associate of the company, and the board of directors believes that this will bring the following benefits to the group: By increasing the group's equity in IFGL, the group will become a significant stakeholder in IFGL's business direction. This will help the group effectively monitor its investments and actively participate in IFGL's long-term growth. As an associate company, IFGL's financial performance will be accounted for using the equity method in the group's consolidated financial statements. This means that the group will directly recognize its share of IFGL's profits or losses in the income statement. With the recent improvement in the Hong Kong stock market, the directors believe that the financial services industry is entering a recovery phase, and this move will expand the group's earnings base and make a significant contribution to the group's future operating performance. By holding a significant stake in the financial industry through IFGL, the company's shareholders can seize this cyclical upswing opportunity, which cannot be provided solely by property leasing (the company's current core business). The subscription provides geographical and industry hedging. It allows the group to maintain a strategic pillar in the Hong Kong financial center while focusing on its core property leasing business, ensuring that the group does not overly rely on a single market. The subscription will be paid through the issuance of consideration shares. The group can elevate IFGL to the status of an associate company without any cash outlay, thereby preserving the group's working capital to support its property leasing business and other operations, while also expanding the group's total assets and strengthening its balance sheet. Additionally, the net asset value per share of the company will increase after completion, which is beneficial to the company and its shareholders as a whole.