QUALI-SMART Holdings (01348) and the offeror, YAEL CAPITAL MANAGEMENT LIMITED, jointly announced that the offers closed at 4:00 p.m. on Thursday, January 29, 2026, and the offeror has not revised or extended the offers. As of 4:00 p.m. on Thursday, January 29, 2026, which was the final deadline for accepting the offers as stated in the composite document, the offeror had received: 5 valid acceptances under the Share Offer, involving a total of 220 million offer shares, representing approximately 14.93% of the Company's total issued share capital as of the date of this joint announcement; and 8 valid acceptances under the Warrant Offer, involving a total of 20.3 million warrants, which constituted all warrants outstanding as of the composite document date. Immediately following the close of the offers, and taking into account the 5 valid acceptances under the Share Offer involving 220 million offer shares received by 4:00 p.m. on Thursday, January 29, 2026, and pending the proper registration of the transfers of the offer shares relating to the valid acceptances received by the share registrar, the offeror, Mr. Liu Chong, and any of their concert parties will hold interests in a total of 1.1075 billion shares, representing approximately 75.13% of the Company's total issued share capital as of the date of this joint announcement.