Mr. Chiau Sing Chi and Bingo Group Holdings Limited (Stock Code: 08220) jointly announced a delay in the dispatch of a composite document related to possible unconditional mandatory cash offers. The offers in question pertain to acquiring all issued shares of Bingo Group Holdings Limited not already owned or to be acquired by the subscriber and parties acting in concert. The proposals also include the cancellation of outstanding options.

According to the previous timetable, the composite document—combining the offer document and the offeree board circular—was to be dispatched within 21 days of the joint announcement dated 12 February 2026. The delay arises because additional time is required to complete the conditions for the proposed amendments to unsecured zero coupon rate convertible bonds and to finalize the necessary shareholder circular and related procedures. These amendments must be approved and completed before the conversion of the relevant bonds can take place, which is a prerequisite for the offers to proceed.

The new deadline for dispatching the composite document is seven days after the conversion or 31 May 2026, whichever is earlier. Further announcements will be made as appropriate. The joint announcement also provides cautionary guidance that the conversion and subsequent offers may or may not occur, emphasizing the need for careful consideration when dealing in the company’s securities.