Zhong Hua International Holdings Limited (ZHONG HUA INT'L) signed a “2026 Extension Agreement” on 29 June 2026 with the vendors of a previously announced acquisition, pushing the long-stop date from 30 June 2026 to 30 June 2029.

The parties have not agreed on revised settlement terms or a completion timetable for the remaining tranches since June 2024. The extended deadline allows additional time to formulate updated terms for the acquisition agreement.

Management reiterated that the target’s operating company remains under compulsory liquidation, but believes the liquidation petition lacks legal and factual basis and expects it to be dismissed within approximately two years.

Except for the new long-stop date, all other terms and conditions of the acquisition agreement, including prior supplemental agreements, remain unchanged and binding. Any material variations will trigger further disclosure in accordance with Hong Kong Listing Rules.

Board composition on the announcement date: Executive Director – Ho Kam Hung; Non-Executive Director – Young Kwok Sui; Independent Non-Executive Directors – Tam Kong, Lawrence, Wong Miu Ting, Ivy, and Wong Kui Fai.

The announcement was authorised by Company Secretary Lee Tao Wai on 29 June 2026.