ISP GLOBAL (08487) subsidiary intends to acquire 60% equity of Way Rich Limited for HK$10,000

ISP GLOBAL (08487) announces that on 2 October 2026, the buyer (Guo Du Industrial Limited, an indirectly wholly-owned subsidiary of the Company) intends to acquire from the seller, Ms. Gong Huiqin, 60% of the issued share capital of the target company, Way Rich Limited, for a consideration of HK$10,000. Upon completion, the target company will become an indirect non-wholly-owned subsidiary of the Company, and the financial results, assets and liabilities of the target company will be consolidated into the Group's financial statements. The target company is a limited liability company incorporated under the laws of Hong Kong and is principally engaged in the trading of physical commodities. Its main metal product is cathode copper, typically of LME-registered brands. The target company was established in Hong Kong and is an integrated commodity trading and supply chain service institution, with deep roots in cross-border physical trade and supply chain management in the Asia-Pacific region. At the current stage, it focuses primarily on cross-border spot trading of metals, and in the future intends to gradually expand into Shenzhen Agricultural Power Group and chemical products, and to provide supply chain management services. Affected by the highly saturated e-commerce industry in mainland China and intense price competition, the Company recorded a loss due to declining revenue and gross profit. In response to the fierce competition in the e-commerce industry, the Group has been identifying business opportunities with the aim of diversifying its business and entering the physical commodity trading industry in the Asia-Pacific region. The target company's principal business is the trading of physical commodities, with its main metal product being cathode copper, typically of LME-registered brands. Having considered the continued growth in demand for cross-border commodity trade and supply chain management in the Asia-Pacific region, the Directors believe that the proposed acquisition provides an opportunity for the target company to enter the cross-border commodity trading and supply chain management business, expand its business scale and bring diversified sources of revenue.