Auto Italia Holdings Limited announced that the proposed transaction involving VMS, which will lead to a change in substantial shareholding, remains in progress. The completion deadline has been pushed back to on or before 18 November 2026, extending the original schedule disclosed in announcements dated 22 January 2026 and 20 February 2026.

The Board, led by Executive Chairman and CEO Chong Tin Lung Benny, reiterated that shareholders and potential investors should exercise caution when dealing in the company’s shares while the transaction proceeds.

At the date of the announcement, the Board comprises four executive directors—Chong Tin Lung Benny, Li Shaofeng, Lin Chun Ho Simon and Zhang Kun—non-executive director Hang Qingli, and three independent non-executive directors: Kong Kai Chuen Frankie, To Chun Wai and Dr. Sham Chung Ping Alain.