Westwell Holdings (Hong Kong) Limited and XiangXing International Holding Limited (Stock code: 1732) jointly announced that the conditional voluntary cash partial offer to acquire 371,200,000 shares of XiangXing (excluding those already owned or agreed to be acquired by Westwell Holdings) met its acceptance condition on the first closing date. As of 4:00 p.m. on the first closing date, valid acceptances totaling approximately 378,200,000 shares (representing around 29.55% of XiangXing’s issued shares) were received.

Since the required threshold of 371,200,000 shares was surpassed, the partial offer has become unconditional in all respects. Pursuant to the relevant regulatory requirements, the partial offer will remain open for acceptance until 4:00 p.m. on 20 February 2026. All other terms remain unchanged. The companies advise shareholders and investors to exercise caution when dealing in XiangXing’s shares and note applicable disclosure obligations under the Takeovers Code.