ELIFE HLDGS (00223) and the offeror, China Innovation Investment Limited (01217), jointly announced that as of 4:00 p.m. on January 5, 2026 (the extended closing date), the offeror had received valid acceptances for a total of 7.0072 million offer shares (Acceptance Shares) under the partial offer from qualified shareholders, equivalent to approximately 0.52% of the total issued shares as of the date of this announcement, according to the offeree company's latest publicly available information.

Immediately prior to the commencement of the offer period, the offeror and its concert parties had interests in 226 million shares (equivalent to approximately 16.66% of the offeree company's total issued share capital as of the date of this announcement, based on its latest public disclosures).

Save for those 226 million shares, neither the offeror nor any of its concert parties held, controlled, or directed any shares or rights to shares immediately before the offer period began.

As set out in the offer document, the partial offer was conditional upon, among other things, valid acceptances (which had not been withdrawn where permitted) being received for at least 180 million offer shares by 4:00 p.m. on the first closing date or any later date the offeror might announce under the Takeovers Code.

In light of the level of acceptance for the partial offer as detailed above, this condition had not been fulfilled by the extended closing date.

Consequently, the partial offer did not become unconditional and lapsed on Monday, January 5, 2026.

Pursuant to Rules 31.1 and 31.2 of the Takeovers Code, if a partial offer has been announced or posted but has not become or been declared unconditional and is withdrawn or lapses, then, unless the Executive consents, neither the offeror nor any person acting in concert with it may, within 12 months from the date of this announcement: (i) announce an offer or possible offer for the offeree company (including a partial offer that could result in the offeror and its concert parties holding 30% or more of the voting rights of the offeree company); or (ii) acquire voting rights of the offeree company which would trigger an obligation to make a mandatory offer under Rule 26 of the Takeovers Code.