Watlow Electric Manufacturing Company (the “Offeror”) and Genes Tech Group Holdings Company Limited (the “Company”, Stock Code: 8257) jointly announced a proposal to take the Company private via a scheme of arrangement under Section 86 of the Companies Act. Under this proposal, all Scheme Shares would be cancelled, and the Company’s listing on GEM of the Hong Kong Stock Exchange would be withdrawn once the scheme becomes effective.

According to the announcement, the original deadline for dispatching the Scheme Document was extended to 19 January 2026, and the Offeror has applied for a further extension to 23 January 2026, subject to the Executive’s consent. The scheme requires relevant sanctions by the Grand Court and the fulfillment or waiver of certain conditions. If approved, the transaction is presently expected to be completed in the first quarter of 2026.

The joint announcement reiterates that the proposal and the scheme may or may not proceed as anticipated. It advises shareholders and investors to exercise caution when dealing in the securities of the Company. The Offeror and the Company confirm that updates will be provided in accordance with the Takeovers Code, GEM Listing Rules, and applicable regulations.