Hing Lee (HK) Issues Rule 3.7 Monthly Update on Potential Change of Control

Bulletin Express04-27

Hing Lee (HK) Holdings Limited released a monthly update under Rule 3.7 of Hong Kong’s Takeovers Code regarding the Possible Transaction that could trigger a mandatory general offer.

Key developments:

• Due diligence status: The Potential Purchaser received all requested information and was required to complete its review by 1 April 2026. Under the Memorandum of Understanding, any dissatisfaction had to be communicated by 24 April 2026. As of 27 April 2026, the Potential Vendors have received no notice of dissatisfaction.

• Negotiation progress: No formal sale-and-purchase agreement has been executed to date, and the Potential Purchaser has not indicated an intention to withdraw from negotiations.

• Disclosure commitment: Hing Lee (HK) will continue to publish monthly updates until either a firm intention to make an offer (Rule 3.5) or a decision not to proceed is announced, in line with the Takeovers Code and Listing Rules.

• Cautionary statement: The company reiterates that there is no assurance the Possible Transaction will materialize or result in a general offer. Shareholders and potential investors are advised to exercise caution when dealing in the shares.

The Board—comprising Chairman and CEO Sung Kai Hing, Executive Director Cheung Kong Cheung, and three Independent Non-executive Directors—accepts full responsibility for the accuracy of the information in the announcement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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