LENS (06613) and JU TENG INTL (03336) jointly announced that on May 18, 2026, the offeror LENS (06613) intends to purchase approximately 334 million shares of JU TENG INTL (03336) from Mr. Zheng Liyu and his spouse and Nan Ya, representing about 27.81% of the total issued shares as of the date of this joint announcement. The total consideration is approximately HK$734 million, equivalent to about HK$2.20 per sale share. Upon completion of the share purchase agreement, CLSA Limited will, on behalf of the offeror, make a voluntary conditional general cash offer for all offer shares in compliance with the Takeovers Code. The offer price is HK$2.20 per offer share, representing a discount of approximately 45.68% to the closing price of HK$4.05 per share on the Stock Exchange on the last trading day. The maximum cash amount payable by the offeror for full acceptance of the offer is approximately HK$1.906 billion. The offeror intends to maintain the listing status of JU TENG INTL (03336) on the Stock Exchange and the listing of its Taiwan Depositary Receipts after the offer closes. The directors of the offeror believe that the share purchase agreement and the offer provide the offeror with an opportunity to acquire a majority stake in the company. To seize the historic opportunity presented by the global industrial transformation driven by artificial intelligence technology and further enhance the core precision manufacturing capabilities of the offeror's group, the offeror intends to integrate high-quality industrial resources through the acquisition. This aims to achieve deep synergy with the offeror's existing diversified product matrix, global customer network, intelligent production capacity clusters, and high-barrier technology reserves, thereby laying the foundation for the offeror's group to gain a first-mover advantage and build a development moat. Therefore, the offeror intends to acquire shares of JU TENG INTL (03336) and ultimately become its controlling shareholder. JU TENG INTL (03336) will become a non-wholly-owned subsidiary within the consolidated financial statements of the offeror. The board of the offeror believes that the advancement of this acquisition will strongly propel the offeror's group towards accelerating the realization of its medium-to-long-term strategic blueprint. This blueprint is "committed to becoming a global leader in the field of precision manufacturing, with technological innovation as the core engine, building 'material-component-complete machine' vertical integration capabilities, deepening the synergistic ecosystem across four business segments: consumer electronics, automotive electronics, commercial aerospace, and AI hardware, and creating a sustainable global industrial platform for growth." Additionally, JU TENG INTL (03336) has applied for the resumption of trading of its shares on the Stock Exchange from 9:00 a.m. on May 19, 2026. It is reported that Nan Ya is wholly owned by Shine Century Assets Corp. (all of its issued share capital is held in the name of East Asia International Trust Limited, as the trustee of the Zheng Family Trust established by Mr. Zheng Liyu). Nan Ya is primarily engaged in investment holding business.
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