CON AERO TECH Unveils Plan to Divest Motto Investment, Distribute Special Dividends, and Delist; Circular Dispatch Extended to 31 July 2026

Continental Aerospace Technologies Holding Limited (CON AERO TECH) has announced a multi-faceted corporate restructuring that features a proposed very substantial disposal, special dividend payouts, a property sale, and an intended withdrawal of its Hong Kong listing, subject to shareholder and regulatory approvals.

The company seeks to dispose of the entire issued share capital of its subsidiary, Motto Investment Limited. Proceeds from this transaction will fund a special dividend to shareholders; although the final payout is subject to deductions outlined in the disposal terms, management has committed that the distribution will not fall below the disclosed minimum estimate.

CON AERO TECH also plans to sell a property in a connected transaction classified as a “special deal” under Hong Kong’s Takeovers Code. Upon completion, the board intends to declare a separate cash dividend derived from the property sale proceeds.

In conjunction with the disposal initiatives, the board has proposed withdrawing CON AERO TECH from listing on The Stock Exchange of Hong Kong and proceeding with a members’ voluntary winding-up, pending approval at an upcoming extraordinary general meeting (EGM). The proposals additionally invoke an application under Note 7 to Rule 2 of the Takeovers Code.

To accommodate the finalisation of key documentation—specifically the accountant’s report on the Target Group, the Independent Financial Adviser’s letter, and related appendices—the firm has obtained in-principle consent from the Securities and Futures Commission’s Executive to extend the despatch deadline for the shareholder circular. The circular, originally due by 26 June 2026, must now be issued no later than 31 July 2026.

Management emphasised that both the Motto Investment disposal and the property transaction remain conditional on approvals prescribed in the 5 June 2026 joint announcement with MOBILE ACQUISITIONCO, LLC. Shareholders are cautioned that the proposals may or may not proceed depending on whether these conditions are satisfied or waived. An additional notice will be issued once the circular is dispatched.

The board currently comprises five executive directors, one non-executive director, and three independent non-executive directors, all of whom collectively assume responsibility for the announcement’s accuracy and completeness.