XIN YUAN ENT (01748) receives a full cash offer from Ocean Vivo at a premium of approximately 25.57%.

XIN YUAN ENT (01748) announces that on August 19, 2026, the offeror Ocean Vivo Limited notified the Company that it has a clear intention, subject to the fulfillment of the pre-conditions, to make a voluntary conditional general cash offer through ICBC International Financing on behalf of the offeror, on the terms and subject to the conditions set out, to acquire all shares not already owned by the offeror and its concert parties. The offer price of HK$2.21 per share represents a premium of approximately 25.57% over the closing price of HK$1.76 per share on February 20, 2025. As at the date of this joint announcement, the offeror has no intention to waive the pre-conditions and/or condition (ii). The offeror intends to maintain the listing status of the shares on the Stock Exchange after the close of the offer, and will take appropriate steps as soon as practicable after the close of the offer to ensure that the shares maintain a sufficient public float. Steps the offeror may take include but are not limited to placing or selling a sufficient number of accepted shares acquired by it under the offer to selected independent third parties or in the market. As at the date of this joint announcement, no arrangements have been confirmed or finalized. The offeror is a limited liability company incorporated in the British Virgin Islands on June 13, 2016. The directors of the offeror are Mr. Liu Jichun and Ms. Liu Xiaojun, the sister of Mr. Liu Jichun. The principal business of the offeror is investment holding. The offeror is indirectly wholly owned by Mr. Liu Jichun. Mr. Liu Jichun is a seasoned entrepreneur in the chartering business. The Group is principally engaged in the provision of asphalt tanker chartering services under various types of charter agreements, including time charters, voyage charters and contracts of affreightment. In view of the extensive experience of Mr. Liu Jichun, the ultimate beneficial owner of the offeror, in the chartering business, and the fact that the business he operates is in the same industry as the Group, the offeror intends to explore synergies between the existing business enterprises owned by Mr. Liu Jichun and the Group, so as to enhance the Group's competitive position and long-term value creation in the asphalt tanker chartering business. As at the date of this joint announcement, the offeror has no intention to terminate the employment of any employee of the Group, except for staff movements in the ordinary and usual course of business. The offeror will continue to consider how to develop the Group in a manner that best enhances efficiency and shareholder value, and in this connection will consider reviewing and optimizing its asset structure, which will depend on a number of factors, including market conditions, legal and regulatory requirements and its business needs.