SHUNTEN INTL (00932) and offeror Leading Virtue jointly announced that on September 12, 2025, the offeror acquired approximately 734 million shares from Prosper Rich and Hammer Capital Consulting for a total consideration of HK$17.617 million. Mr. Zhang Shaohui acquired 32 million shares from Hammer Capital Consulting for a consideration of HK$768,000. The sale shares (totaling approximately 766 million sale shares) represent approximately 24.65% of the total issued share capital of the company. The total consideration for the sale shares was HK$18.385 million, equivalent to approximately HK$0.024 per sale share.

Immediately following completion and as of the date of this joint announcement, the offeror and parties acting in concert hold interests in 1,516,534,033 shares (representing 48.80% of the total issued shares).

Under Rule 26.1 of the Takeovers Code, the offeror is required to make a mandatory conditional cash offer for all issued shares (other than those already owned and/or agreed to be acquired by the offeror and parties acting in concert). In compliance with the Takeovers Code, Favourable Link Securities will make the offer on behalf of the offeror on the following basis:

HK$0.024 in cash per offer share, representing a discount of approximately 20.00% to the closing price of HK$0.030 per share as quoted on the Stock Exchange on the date of this joint announcement.

As of the date of this joint announcement, Mr. Zhang Shaohui is the sole shareholder and sole director of the offeror. The offeror is principally engaged in investment holding. Mr. Zhang Shaohui is the Chairman of the Board and Executive Director.