Shaw Brothers Holdings Limited released its scheduled monthly update on 28 August 2026 regarding the proposed acquisition of 100% of CMC Moon Holdings Limited. The transaction, first announced on 21 January 2026, may constitute both an extreme transaction under Rule 14.06C of the Hong Kong Listing Rules and a connected transaction, and would be settled through the issue of consideration shares under a specific mandate.

Key developments:

1. Due-diligence status • The company, its advisers and counterparties are finalising business and financial due diligence on the target group, the valuation report, and the independent financial adviser’s opinion. • Concurrently, the parties are progressing with required filings and regulatory approvals in Mainland China associated with the acquisition and restructuring.

2. Outstanding conditions • None of the prescribed conditions—including approval by independent shareholders, the granting of a whitewash waiver by the Securities and Futures Commission, and the Stock Exchange’s determination on the extreme-transaction classification—have been fulfilled as at the announcement date.

3. Next steps • Shaw Brothers will issue a circular to shareholders once due-diligence materials, valuation findings and the IFA opinion are completed. • Further announcements will be made in accordance with the Hong Kong Takeovers Code and Listing Rules.

Risk reminder The board reiterates that the acquisition may or may not proceed, given the multiple conditions still outstanding. Shareholders and potential investors are urged to exercise caution when dealing in Shaw Brothers securities until definitive approvals are obtained.