BLUE RIVER HLDG (00498) announced that it has accepted an offer from the bidder to acquire a total of 11.6415 million Shenyang H shares at HKD 1.60 each. Following the approval of a special resolution at the extraordinary general meeting and H-share class shareholders meeting held on October 21, 2025, the H-share offer has become unconditional in all respects. The total consideration to be received by the group is approximately HKD 18.63 million (excluding transaction costs). Upon completion of the transfer of shares as per the share offer, the group will no longer hold any interest in Shenyang. China International Capital Corporation represents the bidder. According to the amalgamation document, as of the final practical date mentioned therein, the controlling shareholder of the bidder is the State-owned Assets Supervision and Administration Commission of the Shenyang Municipal Government, which controls approximately 91.51% of the bidder directly and indirectly. The remaining shares of the bidder are held by Shenyang Shengjin Investment Management Center (Limited Partnership) at 4.81% and the Liaoning Provincial Finance Department at 3.68%.