Huaxin Holdings (01657.HK): The subscription agreement has been completed and the offeror will make a mandatory unconditional cash offer.

The Zhitong Financial APP news, Hua Xin Holdings (01657.HK) and the offeror Hong Kong Weiye Software Limited jointly announced that all the preconditions under the share purchase agreement have been met, and the completion was realized on June 23, 2026. According to the share purchase agreement, the offeror will acquire a total of 23.97 million shares at a total price of HK$199 million. Prior to the completion, the offeror, its ultimate beneficial owners, its directors, and the offeror's concerted parties (except for the seller) did not hold any shares; and the seller had the right to 23.97 million shares (i.e. the shares for sale). After completion, the offeror and the offeror's concerted parties collectively own 23.97 million shares, accounting for 74.91% of the total number of shares issued by the company as of the date of this joint announcement.