BWI International (02339) has announced that it was informed by its controlling shareholder, BeijingWest Smart Drive Group, that all conditions precedent to the sale and purchase agreement have been fulfilled or waived, and the potential acquisition was completed on October 8, 2026.

As of the date of this announcement, BeijingWest Smart Drive Group holds more than 50% of the issued voting shares of BeijingWest Beijing, and BeijingWest Beijing, through its wholly-owned subsidiary, has an interest in a total of 769 million shares, representing approximately 59.50% of the total issued shares.

Upon completion, the seller has transferred the entire equity interest in BeijingWest Smart Drive Group to Luxshare Precision Industry Co.,Ltd. (SZSE: 002475; SEHK: 02475), a company incorporated in China and listed on both the Shenzhen Stock Exchange (stock code: 002475) and the Main Board of the Stock Exchange (stock code: 02475). Luxshare Precision Industry Co.,Ltd. indirectly holds approximately 59.50% of the total issued shares and has become the ultimate controlling shareholder of the company.

In this regard, Luxshare Precision Industry Co.,Ltd. has applied to the Securities and Futures Commission for a confirmation that it is not required to make a general offer for the company under Note 8 to Rule 26.1 of the Takeovers Code (the chain principle). The Executive has confirmed that, under Note 8 to Rule 26.1 of the Takeovers Code, completion will not trigger a mandatory general offer obligation for the shares.