Innovax Holdings Limited (2680) and the Offeror, Mr. Wang Tingfa, jointly announced a delay in the dispatch of two documents tied to a possible unconditional mandatory cash offer. According to the announcement dated 31 October 2025, the circular relating to the connected transaction and Special Deal, originally scheduled for release by 3 November 2025, will now be dispatched on or before 17 November 2025.

The parties further noted a delay in dispatching the Composite Document, which combines the offer document and offeree board circular. This delay stems from the requirement to secure regulatory approvals, including consent from the Securities and Futures Commission for the Offeror to become a substantial shareholder of the Group’s regulated entities. An extension has been sought to deliver the Composite Document within seven days after completion of the underlying sale and purchase transaction or by 8 April 2026, whichever comes earlier.

The announcement reiterates that the Offer will only proceed upon completion of certain conditions precedent. Shareholders and potential investors are advised to exercise caution when dealing in the shares and consult professional advisers if they have any doubts.