HANG YICK HLDGS (01894) receives acquisition of 30 million offer shares by Wei Huaping at a premium of approximately 3.4%

HANG YICK HLDGS (01894) announces that on 23 September 2026 (after the trading session of the Stock Exchange), Mr. Wei Huaping, the offeror, notified HANG YICK HLDGS (01894), the offeree, that he has a firm intention (under the Takeovers Code) to make a partial offer to acquire 30 million offer shares not already owned by the offeror and his concert parties (representing approximately 12.86% of the issued share capital of the offeree as at the date of this announcement) at an offer price of HK$0.600 per offer share. As at the date of this announcement, the offeror and his concert parties are interested in 2 million shares, representing approximately 0.86% of the total issued share capital of the offeree as at the date of this announcement. As at the date of this announcement, the offeree has 233 million issued shares, and there are no outstanding share options, derivatives, warrants or relevant securities convertible into or exchangeable for shares. The offer price of HK$0.600 per offer share represents a premium of approximately 3.4% over the closing price of HK$0.580 per share as quoted on the Stock Exchange on the last trading day (i.e. 23 September 2026). The offeror believes that the offeree presents a fundamentally attractive investment case supported by three core pillars, and the partial offer represents a strategic opportunity to acquire a substantial equity stake in the offeree at an attractive valuation, which would be difficult to achieve through on-market acquisitions without exerting upward pressure on the share price.