Chinese New Retail Supply Chain (03928) Changes Ownership with approximately 82.32% Discount, Resuming Trading on August 11th

Smart Financial News APP, China's New Retail Supply Chain (03928) issued an announcement. The board of directors received notification from the offeror (Wanjiang Capital Limited) on July 29, 2025. The seller (Alpine Treasure Limited) and the offeror entered into a purchase agreement, whereby the seller agreed to sell and the offeror agreed to buy the shares for sale, which is 360 million shares, equivalent to 75% of the total issued share capital of the Company as of the date of this joint announcement. The total cash consideration is 2.228 billion Hong Kong dollars (i.e. 0.6189 Hong Kong dollars per share for the shares for sale). The transaction will be completed on the completion date (i.e. August 8, 2025).