According to the latest information from the Hong Kong Stock Exchange, on September 19, shareholders of GR Life Style (00108) transferred their shares from Deutsche Bank AG to UBS Securities Hong Kong Limited, with a transfer market value of HK$1.422 billion, representing 28.31% of the company.

GR Life Style (00108) announced that on September 15, 2025, the company entered into a non-legally binding letter of intent with potential vendors regarding the group's possible acquisition of 100% equity interest in a potential target. According to information provided by the potential target, it is a limited liability company incorporated in the People's Republic of China, primarily engaged in digital healthcare services.

The announcement stated that the group has two reportable operating segments, including (i) property management segment; and (ii) property development and investment segment. The first segment operates in China, while the second segment operates in China, the United States of America, and the United Kingdom.

While continuing to expand the property management segment and property development and investment segment, the group has also been exploring potential business opportunities, aiming to seek business diversification, broaden its revenue sources, and ultimately maximize shareholder returns to the greatest extent possible.

The directors believe that since the possible acquisition under the letter of intent is expected to align with the group's strategic development plan, if materialized, the possible acquisition will be able to create synergies with the group's existing business and expand the group's revenue sources. Therefore, entering into the letter of intent is in the overall interests of the group and its shareholders.