Thelloy Development Group (1546) and World Nexus Holdings Limited jointly announced on 28 January 2026 a possible mandatory unconditional cash offer, to be made by Lego Securities Limited on behalf of World Nexus Holdings Limited. The offer seeks to acquire all issued shares of Thelloy Development Group (1546) not already owned or agreed to be acquired by the offeror and its concert parties.

In light of this potential offer, Thelloy Development Group (1546) has appointed Cinda International Capital Limited and Rainbow Capital (HK) Limited as joint independent financial advisers. Both entities are licensed to carry out Type 1 and Type 6 regulated activities under the Securities and Futures Ordinance. Their role is to advise the Independent Board Committee on whether the offer is fair and reasonable and on acceptance of the offer. This appointment has been approved under Rule 2.1 of the Takeovers Code.

Shareholders and potential investors are reminded that the continuation of the offer depends on certain conditions being satisfied and are advised to monitor future announcements regarding the progress of this transaction. The directors of Thelloy Development Group (1546) have indicated that no recommendation on the fairness of the offer should be formed until the composite document—containing the Independent Board Committee recommendations and the joint independent financial advisers’ letter—has been reviewed.