China Innovation Investment Limited (1217) announced the dispatch of a voluntary conditional cash partial offer document on 4 November 2025. The offer, made by Mango Financial Limited on behalf of China Innovation, aims to acquire 180,000,000 shares in Elife Holdings Limited (223), excluding those already owned by the offeror and its concert parties.

According to the announcement, the partial offer must conform to the terms and conditions outlined in the offer document, which is available on the Stock Exchange website. The timeline stipulates that the latest acceptance time for the first closing date is 4:00 p.m. on 22 December 2025, while the partial offer may remain open until 5 January 2026 if it becomes unconditional. In such a case, settlement remittances are scheduled to be posted by 14 January 2026. The arrangement includes a designated agent to provide matching services for odd-lot holdings from 6 January 2026 until 20 February 2026, assuming the offer becomes or is declared unconditional.

The announcement further notes that the partial offer is subject to a condition. If it is not satisfied by the relevant deadlines, the offer will lapse. Shareholders and potential investors of Elife Holdings are advised to exercise caution, as the partial offer may or may not become unconditional. The boards of the involved parties accept responsibility for the information in the announcement and confirm it has been carefully considered without omission or misleading statements.