HONBRIDGE(08137) intends to acquire 73% of the equity of Bona Global.

HONBRIDGE (08137) announced that on June 28, 2026, the company entered into a stock purchase agreement with Bona Global and Able Alliance, whereby Able Alliance has conditionally agreed to sell, and the company has conditionally agreed to purchase, a 73% stake in Bona Global. Upon completion of the acquisition of Bona Global, Bona Global will become a non-wholly owned subsidiary of the company, and Bona Global's financial performance will be consolidated into the company's financial statements. On June 28, 2026, the company entered into a shareholder agreement with Able Alliance and Bona Global regarding the ownership and management of Bona Global. The acquired asset is a 73% equity interest in Bona Global Limited, which indirectly represents a 51.1% interest in Smarty Minerals. Bona Global is fully owned by Mr. Shen through Able Alliance and holds a 70% stake in Smarty Minerals. Smarty Minerals is a privately owned limited company registered under South African law, holding mining rights to a copper mine in Musina, South Africa, and 14 square kilometers of land. Smarty Minerals is a company registered in South Africa primarily engaged in mining-related investment activities. The company is a dual-primary-listed platform, with mineral asset investment as its core business and lithium batteries and three electric systems (batteries, motors, control systems) as secondary businesses. The acquisition aims to seize opportunities in the global copper market's structural supply shortage trend accurately. This move will advance the company's overseas strategic layout, enabling the group to fully capture the market dividends brought by the rapid development of the copper industry chain. Compared to other resource-rich regions, South Africa has a more favorable development environment, with advantages not only in political stability and a mature mining regulatory system, but also in comprehensive supporting infrastructure and strong technological capabilities, which together form core competitive barriers. The target mine has excellent mineral resources, high-grade copper ore reserves, and significant potential for future reserve expansion. Given that the Bona Global Group has obtained all necessary administrative permits and maintained stable community relationships, the asset is mature in terms of rapid production, expected to bring considerable economic benefits to the company.