Hollwin Urban Operation Service Group Co., Ltd. announced that the acquisition of the entire issued share capital of the target company was completed on 2 July 2026 after all conditions precedent were satisfied or waived. The target has become a wholly owned subsidiary and will be fully consolidated into Hollwin Urban’s financial statements.

Under the Share Acquisition Agreement, the total consideration amounted to RMB49.54 million, of which RMB24.28 million (49%) was payable to five individual shareholders. After tax, the cash consideration for these shareholders stood at RMB21.94 million.

As stipulated in the Subsequent Share Purchase Arrangement, 50% of the after-tax cash consideration—equal to RMB10.97 million—was immediately applied by the five individual shareholders to purchase 4.10 million unlisted shares from the controlling shareholder, CSUDGCL, at a transfer price of RMB2.6748 per share. The transfer price references the 30-day average closing price of the company’s H-shares of HK$3.05, converted at the prevailing exchange rate.

Post-transaction, CSUDGCL’s holding decreased from 120.00 million to 115.90 million shares, trimming its ownership from 75.00% to 72.44%. The five individual shareholders now collectively hold 4.10 million unlisted shares, representing 2.56% of the total 160.00 million shares in issue. Public H-shareholders remain at 40.00 million shares, or 25.00% of the share capital.