Ten Pao Announces Plan to Spin Off Huizhou Charging-Device Unit for PRC A-Share Listing

Bulletin Express05-14

Ten Pao Group Holdings Limited disclosed that its board submitted a spin-off application to The Stock Exchange of Hong Kong on 27 April 2026, seeking to separately list its indirect non-wholly-owned subsidiary, Ten Pao Electronics (Huizhou) Co., Ltd. (“SpinCo”), on a stock exchange in mainland China through an A-share offering.

The SpinCo manufactures and sells chargers, adaptors, new-energy power-conversion systems and related power accessories. Post-transaction, Ten Pao expects the entity to remain a consolidated subsidiary within the Group.

Hong Kong Exchanges and Clearing confirmed that Ten Pao may proceed under Practice Note 15, yet the proposed spin-off remains subject to multiple approvals, including: • Final endorsement by Ten Pao’s board and shareholders • Clearance from the China Securities Regulatory Commission and the relevant PRC stock exchange • Prevailing market conditions and other regulatory consents

Key transaction terms—including offer size, pricing and timetable—have not been finalised. The company cautions investors that the spin-off and A-share listing may or may not materialise.

Ten Pao stated it will issue further announcements in line with Hong Kong Listing Rules and applicable regulations as developments occur. Investors are advised to exercise caution when dealing in the company’s shares.

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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