Spring Autumn Electronics: Wholly-owned subsidiary completes acquisition of 95.3% stake in Asetek A/S.

Spring Autumn Electronics announced that the company had previously agreed for its wholly-owned subsidiary CQXA Holdings. PTE. LTD to launch a voluntary cash tender offer to acquire Asetek A/S, intending to acquire no less than 90% of the shares. As of April 13, 2026, the offeror has received acceptances representing 303,298,827 shares of Asetek A/S, accounting for approximately 95.3% of the total share capital and voting rights. The settlement was completed on April 21, with the offeror holding 95.3% of the shares. Due to holding over 90% of the shares, the offeror will proceed with the compulsory acquisition of the remaining minority shareholders' shares, with the deadline set for May 21 at the same price as the tender offer, and will also apply for the delisting of the target company's shares.