RONGZUN INT'L H (01780) and the offeror, Mr. Yang Jingyao, have jointly announced that the offeror completed the acquisition of 84 million company shares on April 8, 2026. This represents approximately 13.55% of the company's issued share capital as of the date of this joint announcement, for a total consideration of HK$43.68 million, equating to a price of HK$0.52 per share.

Following the completion of this acquisition and as of the date of this announcement, the offeror holds an interest in 207 million shares, representing approximately 33.39% of the company's total issued share capital. According to Rule 26.1 of the Takeovers Code, this acquisition has triggered the offeror's obligation to make a mandatory conditional cash offer for all issued shares not already owned or agreed to be acquired by the offeror and its concert parties.

Lego Securities and Fuzhong Securities will jointly make the offer on behalf of the offeror under the Takeovers Code. The cash offer price is HK$0.52 per share, representing a discount of approximately 48% compared to the closing price of HK$1.00 per share on the Stock Exchange on the last trading day. The maximum cash consideration payable by the offeror for the offer will be approximately HK$215 million.

The company has applied to the Stock Exchange for the resumption of trading of its shares, which is scheduled to commence at 9:00 a.m. on May 8, 2026.

The offeror, aged 32, is the single largest shareholder. As of the date of this joint announcement, he holds 207 million shares, representing approximately 33.39% of the company's issued share capital.