Goodbaby International (01086) and the offeror Crystal Aurora International Ltd. jointly announced that on September 27, 2026, the offeror requested the board to present a proposal to scheme shareholders that, if approved and implemented, would result in the privatization of the company and the withdrawal of the shares' listing status on the Stock Exchange.

The proposal will be implemented by way of a scheme. Under the proposal, the scheme shares will be cancelled and extinguished, and in consideration, each scheme shareholder will be entitled to receive a cash cancellation price of HK$1.50 per scheme share cancelled and extinguished, and a share option offer will be made.

The scheme share cancellation price represents a premium of approximately 38.89% over the closing price of HK$1.08 per share as quoted on the Stock Exchange on the last trading day. Under the proposal and the share option offer, the maximum cash consideration payable by the offeror will be approximately HK$1.322 billion (assuming all offer share option holders exercise their outstanding share options before the record date to become scheme shareholders).

As of the date of the announcement, the offeror is wholly owned by Mr. Song Zhenghuan. Mr. Song Zhenghuan is the chairman and executive director of the company, responsible for the effective operation of the board and the leadership of the group's business strategy. He also served as the company's chief executive officer from November 24, 2010 to January 15, 2016. Mr. Song Zhenghuan is the founder of the group and has over 30 years of experience in the children's products industry.