The board of CNT GROUP (00701) has been informed by Prime Surplus that on April 10, 2026, it acquired 88.7236 million CNT GROUP shares from a seller through the execution of a sale and purchase note and a standard instrument of transfer. The consideration was HK$8.8724 million, equating to HK$0.1 per share. The acquired shares represent approximately 4.66% of the total issued share capital of CNT GROUP. The transaction was completed on April 10, 2026. Immediately prior to the completion, the offeror and any parties acting in concert with it held 565,741,226 CNT GROUP shares, representing approximately 29.72% of the issued share capital. Following the completion and as of the date of this joint announcement, the offeror and its concert parties hold an interest in 654,464,818 CNT GROUP shares, representing approximately 34.38% of the issued share capital. Under Rule 26.1 of the Takeovers Code, the offeror is required to make a mandatory conditional cash offer for all the issued shares of CNT GROUP, except for those already owned or agreed to be acquired by the offeror and its concert parties. The cash offer is HK$0.1 per CNT GROUP share, representing a discount of approximately 43.82% to the closing price of HK$0.178 per share on April 10, 2026. Following the completion and as of the date of this joint announcement, the offeror holds approximately 34.38% of the voting rights in CNT GROUP. CNT GROUP holds 75.00% of the voting rights in CPM GROUP (01932). If the offer for CNT GROUP becomes or is declared unconditional in all respects, the offeror and its concert parties will collectively hold over 50% of the voting rights in CNT GROUP upon completion of the offer. Pursuant to the chain principle under Note 8 to Rule 26.1 of the Takeovers Code, the offeror would then be required to make an unconditional mandatory general cash offer for all the shares of CPM GROUP and to cancel any outstanding share options of CPM GROUP not already owned or agreed to be acquired by the offeror, CNT GROUP, or their concert parties. If the CNT GROUP offer becomes unconditional, Yuming will, on behalf of the offeror and in accordance with the Takeovers Code, make an offer for CPM GROUP shares at HK$0.0562 per share. This represents a discount of approximately 77.43% to the closing price of HK$0.249 per CPM GROUP share on April 10, 2026. Prime Surplus and New Industrial are the joint offerors for the CNT GROUP and CPM GROUP offers. Prime Surplus is a limited company incorporated in the British Virgin Islands and is primarily engaged in investment holding. As of the date of this announcement, Mr. Xu is the sole shareholder and sole director of Prime Surplus. Mr. Xu also serves as a non-executive director of CNT GROUP, and as an executive director, chairman, and managing director of CPM GROUP. New Industrial is a limited company incorporated in Hong Kong, primarily engaged in investing in listed and unlisted financial instruments. It was previously listed on the Main Board of The Stock Exchange of Hong Kong but was delisted on April 23, 2021. Mr. Wang Dajun and Mr. Li Hualun are directors of New Industrial. As of the date of this announcement, New Industrial is an indirect wholly-owned subsidiary of United Group. Trading in the shares of CNT GROUP and CPM GROUP on the Stock Exchange was suspended at 9:00 a.m. on April 13, 2026, at the request of the companies, pending the release of this joint announcement. CNT GROUP and CPM GROUP have applied to the Stock Exchange for the resumption of trading in their shares, which will commence at 9:00 a.m. on April 23, 2026.