COLOUR LIFE (01778) announced that on January 2, 2026, the company was informed that Fantasia, TFISF, and Splendid Fortune Enterprise Limited (a company indirectly owned by Ms. Zeng Baobao by approximately 67.36% as of the announcement date, the Buyer) have entered into a restructuring agreement. Pursuant to this agreement, the parties intend to carry out a series of parallel transactions, involving the Buyer's acquisition of approximately 21.97% of the company's issued shares as of the announcement date. Approximately 10% of the company's issued shares as of the announcement date will be transferred to an entity designated by TFISF as effective enforcement for an alleged guarantee. Fantasia will retain approximately 9.98% of the company's issued shares held as of the announcement date, and these shares will not be subject to any alleged guarantee or other claims. The transactions contemplated under the restructuring agreement are conditional upon the fulfillment or waiver of certain conditions, including, but not limited to, the approval of the restructuring agreement at an extraordinary general meeting of Fantasia's shareholders. Should any condition fail to be met on or before the long-stop date, the restructuring agreement will become void. As of the date of this announcement, Fantasia beneficially owned approximately 41.95% of the company's issued shares, which were subject to an alleged guarantee. Upon completion of the transactions contemplated under the restructuring agreement, Fantasia will retain approximately 9.98% of the company's issued shares (assuming no change in the number of issued shares prior to completion), and the company will cease to be a subsidiary of Fantasia.