GR LIFE STYLE (00108) fell more than 4% in late trading, closing at HK$3.82 with a trading volume of HK$26.43 million. The company announced a potential acquisition of a 78.3% stake in Beijing Chunyu Tianxia Software, a digital healthcare services provider, for approximately RMB 269 million (equivalent to HK$294.8 million).

The consideration will be settled through the issuance of 147 million shares at HK$1.6 per share, subject to certain conditions. The transaction involves four agreements signed on December 5, 2025: a Share Purchase Agreement, a Cash Purchase Agreement, an A-Class Subscription Agreement, and a B-Class Subscription Agreement.

The Share Purchase Agreement will take effect immediately upon formal signing. If necessary ODI approvals are not obtained within 365 days, the agreement will terminate. The Cash Purchase Agreement serves as an alternative settlement arrangement in case the Share Purchase Agreement fails to proceed.