Swift Ascent Limited and Bright Future Technology Holdings Limited (1351) jointly announced the dispatch of a Composite Document outlining a mandatory unconditional cash offer. The offer, made through Fuze Securities (International) Limited on behalf of Swift Ascent Limited, seeks to acquire all issued shares of Bright Future Technology Holdings (1351) that Swift Ascent and its concert parties do not already own or have agreed to acquire.

The Composite Document, dated 24 October 2025, provides full details of the offer structure, a recommendation from the Independent Board Committee, and professional advice from the Independent Financial Adviser. According to the announcement, the offer opened for acceptance on 24 October 2025, remaining valid until 4:00 p.m. on the Closing Date of 14 November 2025. Under the terms, once acceptance is submitted, it is irrevocable except in specific circumstances as prescribed in the Composite Document.

Timetables indicate that, should all conditions remain unchanged, remittances tied to valid applications will be dispatched on or before 25 November 2025. Any updates or revisions to the offer period or closing schedule will be jointly announced by Swift Ascent and Bright Future Technology Holdings (1351). The announcement urges shareholders to read the Composite Document carefully before making a decision on acceptance and to remain aware of restrictions on dealing in the company’s securities.