TEN PAO GROUP (01979) Plans to Spin Off Guangdong Tenbao Electronic Technology for Separate A-Share Listing on Chinese Stock Exchange

Stock News05-14

TEN PAO GROUP (01979) has announced that on April 27, 2026, it submitted an application to The Stock Exchange of Hong Kong Limited under Practice Note 15 of the Listing Rules regarding the proposed spin-off of Guangdong Tenbao Electronic Technology Co., Ltd. The spin-off involves the separate A-share listing of Guangdong Tenbao Electronic Technology on a Chinese stock exchange. The Hong Kong exchange has confirmed that the company may proceed with the proposed spin-off under Practice Note 15. As of the date of this announcement, the entity to be spun off is an indirect non-wholly-owned subsidiary of TEN PAO GROUP. It, together with its subsidiaries, is primarily engaged in the charging equipment business, which includes the manufacturing and sales of chargers, adapters, new energy power conversion systems, and power function accessories. It is currently expected that following the completion of the proposed spin-off and the separate A-share listing, the spun-off company will remain a subsidiary of TEN PAO GROUP, and its financial results will continue to be consolidated into the group's financial statements.

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