FAMEGLOW (03774): Controlling stake changes hands; receives general offer at a discount of approximately 98.06%; trading resumes on November 2.

FAMEGLOW (03774) and the offeror, Ascend Display International Limited, jointly announced that on October 23, 2026, the offeror completed the acquisition of approximately 56.93% of the entire issued share capital of the company from Equal Joy Holdings Limited for a cash consideration of approximately HK$350 million, equivalent to HK$0.75 per sale share. The joint offer agent will, for and on behalf of the offeror, jointly make an offer to acquire all the offer shares in compliance with the Takeovers Code, at an offer price of HK$0.75 per offer share, representing a discount of approximately 98.06% to the closing price of HK$38.70 per share as quoted on the Stock Exchange on October 23, 2026. As at the date of this joint announcement, (i) the offeror is directly wholly-owned by Mr. Wen Haiyuan; and (ii) the sole director of the offeror is Ms. Chen Yujie. The offeror intends to maintain the company's listing status on the Main Board after the close of the offer. In addition, the company has applied to the Stock Exchange for the resumption of trading in its shares on the Stock Exchange with effect from 9:00 a.m. on November 2, 2026.