Guangdong–Hong Kong Greater Bay Area Holdings Limited (Stock code: 1396) held an Extraordinary General Meeting (EGM) on 21 October 2025. According to the announcement, both the ordinary and special resolutions outlined in the EGM notice were duly passed by poll.

The total number of issued shares stood at 814,103,100 prior to the EGM, with approximately 399,437,534 shares entitled to vote after the controlling shareholder (holding around 50.94% of the issued shares) abstained. The ordinary resolution received 99.88% approval, while the special resolution secured 99.75% of votes in favor.

Additionally, the Securities and Futures Commission conditionally granted a Whitewash Waiver, subject to the respective resolutions being approved by more than 50% and at least 75% of votes cast. With all conditions met, the vendor is not required to make a mandatory general offer upon receiving 310,000,000 new shares (the “Consideration Shares”).

Immediately after the issuance of the Consideration Shares, the company’s total number of shares is expected to increase from 814,103,100 to 1,124,103,100. Post-transaction, China GBA Holdings will hold approximately 36.89%, the vendor will hold around 27.58%, and the remaining 35.53% will be held by other public shareholders.

As of the announcement date, all conditions of the Sale and Purchase Agreement have been fulfilled except for the final listing approval of the Consideration Shares. Completion is expected to take place on 23 October 2025, subject to that approval.