LOTUS HORIZON (06063) has changed hands in terms of control, receiving a discount of approximately 94.65% for the full acquisition offer, and will resume trading on September 9.

LOTUS HORIZON (06063) and the offeror VICTOR XU LIMITED jointly announced that on September 2, 2026, the offeror completed the acquisition of 74.75% of the company's total issued share capital for a total cash consideration of approximately HKD 102 million, equating to HKD 0.068 per offer share. According to Rule 26.1 of the Takeovers Code, Hangbo Capital has made a mandatory unconditional cash offer on behalf of the offeror to acquire all issued shares of LOTUS HORIZON Holdings Limited, with a cash offer of HKD 0.068 per offer share, representing a discount of approximately 94.65% from the closing market price of HKD 1.270 per share reported on the Hong Kong Stock Exchange on September 2, 2026 (the last trading day). The company has applied to the Stock Exchange for the resumption of trading in its shares from 9:00 AM on September 9, 2026. In terms of the offer, given the irrevocable commitments, based on the offer price of HKD 0.068 per offer share and the 500 million offer shares (which is the 505 million shares held by the sellers and public shareholders minus the 5 million committed shares subject to the irrevocable commitments), assuming that there are no changes in the issued share capital of the company from the date of this joint announcement to the expiration of the offer, the maximum cash consideration payable by the offeror upon full acceptance of the offer will amount to HKD 34 million. As of the date of this joint announcement, the offeror is owned 99% by Mr. Xu Changcheng and 1% by Ms. Lam Sin Shi, both of whom are professional investors. Mr. Xu is the sole director of the offeror.