Aceso Life Science Group Ltd. announced an update regarding the formation of a joint venture with Jiangsu Lettall. Initially disclosed on 30 March 2025, the joint venture agreement entails HTICI, a subsidiary of Aceso, and Jiangsu Lettall owning 75% and 25% of the JV Company, respectively. Recently, HTICI completed a share placement, leading to a dilution of Aceso's holding in HTICI. Consequently, HTICI's results and financial position will no longer be consolidated into Aceso's financial statements but will be accounted for separately as an associate. This update affects the company's reporting obligations regarding the joint venture agreement.
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