SHAW BROTHERS (00953) terminates acquisition of the entire share capital of CMC Moon Holdings Limited, trading resumes on September 21.

SHAW BROTHERS (00953) announces that in relation to the acquisition of the entire issued share capital of CMC MOON HOLDINGS LIMITED, following commercial negotiations between the Company and CMC, and after taking into account the evolving market environment and business strategies, the status of the conditions under the sale and purchase agreement that have not yet been fulfilled, and the feasibility of fulfilling such conditions on or before the long stop date (i.e., December 31, 2026), on September 18, 2026, the parties mutually agreed to terminate the sale and purchase agreement with immediate effect. Upon such termination, the Company and CMC each irrevocably and unconditionally release and discharge the other from any and all claims, demands, actions, liabilities, and obligations of any nature arising from or in connection with the sale and purchase agreement. As a result of the termination of the sale and purchase agreement, the transactions contemplated thereunder will not proceed. Accordingly, no whitewash waiver will be applied for, no circular will be despatched, and the extraordinary general meeting originally convened to approve, among other things, the sale and purchase agreement and the transactions contemplated thereunder will not be held. The Board considers that the termination of the sale and purchase agreement will not have any material adverse impact on the existing business, operations, or financial position of the Group. The Company has applied to the Stock Exchange for the resumption of trading in the Company's shares on the Stock Exchange with effect from 9:00 a.m. on Monday, September 21, 2026.