BRIGHT FUTURE (01351) and offeror Swift Ascent Limited jointly announced that on September 15, 2025, the offeror completed the acquisition of approximately 322 million shares of the company, representing about 53.65% of the total issued share capital as of the joint announcement date, with total cash consideration of HK$80.4744 million (equivalent to HK$0.25 per sale share).

Following completion and as of the joint announcement date, the offeror, Ms. Jiang Huanyang, and their respective concert parties have interests in approximately 322 million shares, representing about 53.65% of the company's total issued share capital. Therefore, under Rule 26.1 of the Takeovers Code, the offeror is required to make a mandatory unconditional cash offer for all issued shares (except for shares already owned or agreed to be acquired by the offeror and its concert parties). The offer price for each offer share is HK$0.25 in cash, representing a discount of approximately 41.18% to the closing price of HK$0.425 per share reported on the Stock Exchange on September 12, 2025 (being the last trading day).

After the offer closes, the offeror intends to continue the group's principal business and maintain the company's listing status.

Additionally, the company has applied to the Stock Exchange for the resumption of trading in shares at 9:00 AM on September 18.

It is understood that the offeror is wholly owned by Ms. Jiang Huanyang.