Westwell Holdings (Hong Kong) Limited concluded its voluntary cash partial offer for XiangXing International Holding Limited (1732) on 20 February 2026. The offeror intended to acquire 371.20 million shares, representing 29.00% of XiangXing International’s 1.28 billion shares in issue, and received total valid acceptances of 378.28 million shares (approximately 29.55% of the issued total). Consequently, each qualifying shareholder who tendered will have about 98.13% of their tendered shares accepted.

Upon final settlement, Westwell Holdings (Hong Kong) Limited will hold 371.20 million shares, or 29.00% of XiangXing International. Meanwhile, the stake of Glory Fame Venture Limited, which had 562.50 million shares (43.95%) before the offer, will adjust to 387.83 million shares (30.30%) after completion. The remaining public float will constitute 520.97 million shares (40.70%), meeting the required minimum public float under listing rules. Settlement of the offer price is expected within seven business days following the final closing date.