EVERG SERVICES (06666) Monthly Takeovers Code Update: Liquidators Review January Bids, No Binding Agreement Reached

Bulletin Express
03/11

Evergrande Property Services Group Limited (abbreviated as EVERG SERVICES, stock code 06666) released its latest monthly progress update under Rule 3.7 of the Hong Kong Takeovers Code on 11 March 2026.

The company, through information provided by its court-appointed liquidators, disclosed the following key points regarding the potential transaction process:

• Review of updated proposals: The liquidators are assessing the non-binding offer proposals received in January 2026 and remain in active dialogue with the selected bidders to address outstanding queries.

• No new bids: The liquidators do not intend to entertain any additional non-binding indicative offers at this stage.

• No firm view or agreement: As of the announcement date, the liquidators have not formed a definitive stance on proceeding with any bidder, and no formal or legally binding agreement has been executed.

• Timeline undetermined: The schedule for moving to the next phase of negotiation and for signing any transaction documents has yet to be finalized.

In line with Rule 3.7 requirements, EVERG SERVICES will continue to publish monthly updates until either (i) a firm intention to make an offer is announced under Rule 3.5 or (ii) a decision is made not to proceed with an offer.

The board reiterates that there is no assurance the potential transaction will materialize and advises shareholders and investors to exercise extreme caution when dealing in the company’s securities.

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