CNEWECON FUND (00080) announced that on December 17, 2025, the company (as the buyer) entered into a share transfer agreement with Longling Capital (as the seller) to acquire approximately 9.09% of Forestheaven's total equity and about 3.15% of EXIO's total equity. The consideration amounts to approximately HKD 52.26 million and HKD 19.30 million, respectively, to be settled by issuing a total of around 199 million consideration shares at HKD 0.36 per share. As of the announcement date, Longling Capital is the controlling shareholder of the company, holding approximately 1.037 billion shares, representing about 52.38% of the total issued shares.

Additionally, due to the expiration of the 2015 Share Option Scheme, the board proposed adopting the 2025 Share Scheme under Chapter 17 of the Listing Rules to incentivize or reward eligible participants for their contributions to the company's growth and development.

Forestheaven is an investment holding company incorporated in the British Virgin Islands in 2021. Together with its subsidiaries, it primarily engages in asset management, securities advisory, and securities trading services in Hong Kong, as well as issuing cryptocurrency exchange-traded products for investors primarily based in Asia through its operations in Switzerland. Pando Limited, a key subsidiary of Forestheaven, is a licensed corporation under the Securities and Futures Ordinance authorized to conduct Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) regulated activities.

EXIO, incorporated in the Cayman Islands in 2023, operates primarily in Hong Kong. Its subsidiary, EXIO Limited, is a licensed virtual asset trading platform in Hong Kong. EXIO Limited is licensed under the Securities and Futures Ordinance to conduct Type 1 (dealing in securities) and Type 7 (providing automated trading services) regulated activities, focusing on virtual asset exchange and custody services.

The board believes the proposed acquisitions will provide the company with investment opportunities in licensed wealth management and virtual asset businesses, aligning with its strategic focus on mature and innovative industries. These transactions are expected to enhance the company's investment portfolio and future returns.