Auto Italia Holdings Limited (720) has announced that VMS Investment Group Limited, a substantial shareholder wholly owned by Mr. Chong Tin Lung Benny, entered into a conditional sale and purchase agreement on 22 January 2026 (after trading hours) with B-ON Global S.àr.l. (“B-ON Global”), a Luxembourg-incorporated company. Under the agreement, B-ON Global will acquire a total interest of 1,300,000,000 shares in Auto Italia, representing approximately 21.34% of its issued share capital as of the announcement’s date.

VMS holds 995,275,000 shares directly and controls another 304,725,000 shares through its subsidiaries, Maini Investments Limited and Gustavo International Limited. Completion of the transaction is subject to certain conditions and is expected to occur on or before 30 days from the date of the agreement.

Following completion, Mr. Chong and VMS are set to hold 270,907,472 shares in aggregate, equivalent to around 4.45% of the company’s issued share capital. They will cease to be substantial shareholders, while B-ON Global will become a substantial shareholder with approximately 21.34% ownership. B-ON Global is described as a European provider of intelligent solutions for new energy commercial vehicles and is independent of the company and its connected persons.

Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.