A mandatory unconditional cash offer has been made for all issued shares of IDT International Limited not already owned or agreed to be acquired by Hong Kong Hunglap Technology Co., Limited, Horizon Heights Ltd., and parties acting in concert with them. The composite document relating to the offer has been dispatched to shareholders, providing further details on the terms of the offer. The update was disclosed in a joint announcement by Hong Kong Hunglap Technology Co., Limited, Horizon Heights Ltd., and IDT International Limited.

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