HOPE LIFE INT (01683) announced that on December 1, 2025, the buyer (an indirect wholly-owned subsidiary of the company) entered into a sale and purchase agreement with the seller, Jiangxi Gushan Liquor. The buyer conditionally agreed to acquire a 30% equity stake in the target company, Jiangxi Zhongniang Liquor, for a consideration of HK$41 million.

The purchase consideration will be settled by the buyer through the issuance of convertible bonds with a principal amount of HK$41 million by the company upon completion of the transaction, at a conversion price of approximately HK$0.4606 per share.

Additionally, the lessee (another indirect wholly-owned subsidiary of the company) signed a lease agreement with the lessor for a 15-year lease of properties located in Nanfeng County Fuxi Industrial Park. The total rental amounts to RMB 32.6873 million (approximately HK$35.9233 million), payable via the issuance of convertible bonds with a principal amount of HK$35.9233 million at a conversion price of HK$0.4606 per share.

Jiangxi Zhongniang Liquor, a limited liability company established under Chinese law, primarily engages in the production and sale of traditional liquor. As of the announcement date, the company held a 70% stake in the target entity, which was jointly established with the seller in 2020 with a registered capital of RMB 50 million (seller’s stake: 30%).

The target company has demonstrated strong financial performance, with its rice wine products experiencing robust demand growth since January 2025. Sales of the group’s rice wine products surged approximately 50% year-on-year during this period. Upon completion of the acquisition, HOPE LIFE INT will gain full control over the target company.