Leading Virtue Holdings Limited (the “Offeror”) and Shunten International (Holdings) Limited (stock code: 932) jointly announced on 20 October 2025 that the mandatory conditional cash offer for all issued shares of Shunten International not already owned or agreed to be acquired by the Offeror and parties acting in concert has become unconditional in all respects.

According to the announcement, the Offeror had received valid acceptance for 38,000,000 shares (approximately 1.22% of Shunten International’s issued share capital). Taking into account these acceptance shares and those already owned by the Offeror and its concert parties, total shareholding of the Offeror and its concert parties stands at 1,554,534,033 shares, representing approximately 50.02% of Shunten International’s issued share capital.

The offer will remain open for acceptance until 4:00 p.m. on 4 November 2025. Any cash consideration for validly tendered shares will be settled within seven business days upon fulfilment of all required documentation and the offer becoming unconditional.