GR LIFE STYLE (00108) has announced that all prerequisites for the initial payment under the share purchase agreement and cash purchase agreement have been fulfilled (or waived where applicable). The completion of the initial payment occurred on March 11, 2026. Following this completion, the company now holds approximately 78.3% of the equity in the target company. The target company has become an indirect non-wholly-owned subsidiary of GR LIFE STYLE and is a consolidated affiliated entity under a VIE arrangement, with its financial results integrated into the group's financial statements. The second payment under the share purchase agreement and cash purchase agreement is anticipated to be completed by the end of May 2026, within five business days after confirming that its conditions have been met, including obtaining ODI approval (if applicable), establishing a special purpose vehicle, and arranging an escrow agreement. The consideration shares are expected to be issued as soon as practicable after the conditions for the second payment are satisfied.