GR LIFE STYLE (00108) announced that on September 15, 2025, the company entered into a non-binding letter of intent with potential vendors regarding the group's possible acquisition of 100% equity in a potential target company.

According to information provided by the potential target, the target company is a limited liability company incorporated in the People's Republic of China, primarily engaged in digital medical 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 as much as 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 generate 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.