ZHAOBANGJI LIFE (01660) announced on November 13, 2025, that the company (as the buyer) entered into a sale and purchase agreement with the sellers. Under the agreement, the company conditionally agreed to acquire, while Seller 1 Madam Ng Chu Lin-fen and Seller 2 Ms. Yeung Ka-yee conditionally agreed to sell approximately 99.999995% and 0.000005% of the issued share capital of Tung Hui Securities, respectively, for a consideration not exceeding HKD 20 million.

Tung Hui Securities is a limited liability company incorporated in Hong Kong, primarily engaged in brokerage and trading of Hong Kong-listed securities. It is licensed by the Hong Kong Securities and Futures Commission to conduct Type 1 (dealing in securities) regulated activities under the Securities and Futures Ordinance. As of June 30, 2025, the net assets of the securities company amounted to approximately HKD 5.3 million.

ZHAOBANGJI LIFE is principally engaged in machinery and parts trading, machinery leasing and related services, transportation services, and lending businesses in Hong Kong, as well as property management services, machinery leasing, property leasing, subleasing, retail, lending, and other businesses in mainland China.

Given the slowdown in the real estate markets in Hong Kong and mainland China over recent years, the company's performance has been adversely affected. The board is actively seeking business diversification. The directors believe that Hong Kong's financial services sector holds promising prospects under macro-level government policy support. The acquisition of Tung Hui Securities provides the group with a low-cost entry into the financial services industry and an opportunity to develop into a diversified financial platform.

Considering these factors, the board deems the proposed acquisition to be in the overall interests of the company and its shareholders.