LEGEND UPSTAR (00459) and the offeror, Wealth Builder Holdings Limited, jointly announced that on December 3, 2025, the offeror requested the board to propose a privatization plan to shareholders. If approved and implemented, the proposal would lead to the company's privatization under Section 86 of the Companies Law and the delisting of its shares from the Hong Kong Stock Exchange.

Under the scheme, the cancellation price will be HK$0.133 per share, representing a premium of approximately 77.33% over the closing price of HK$0.075 per share on the last trading day. The company has applied to the Hong Kong Stock Exchange for the resumption of share trading starting at 9:00 a.m. on Wednesday, December 10, 2025.

The offeror is wholly and beneficially owned by Mr. Wong Kin Yip through Luck Gain. As of the announcement date, apart from holding shares, the offeror has not engaged in any business activities. Mr. Wong Kin Yip serves as the company's chairman and executive director, as well as the director and sole ultimate beneficial owner of the offeror.