SHENGHUA LANDE: The offer will become an unconditional general offer on July 31
SHENGHUA LANDE announced that the domestic share trading agreement was completed on July 28, 2025, involving 193,316,930 domestic shares, accounting for 38.16% of the total issued shares. The H share trading agreement will be completed on July 31, 2025, and therefore the offer will become an unconditional general offer on the same day
According to the Zhitong Finance APP, SHENGHUA LANDE (08106) announced that on July 28, 2025, it completed the sale of 193,316,930 domestic shares (approximately 38.16% of the total issued shares of SHENGHUA LANDE as of the date of this joint announcement) under the domestic share trading agreement. According to the H-share trading agreement, the target H shares were transferred through the block trading mechanism of the Hong Kong Stock Exchange on July 29, 2025. Therefore, the completion of the H-share trading agreement will be settled on July 31, 2025, according to the "T+2" settlement arrangement. As of the date of this joint announcement, the offeror and their concert parties beneficially own a total of 193,316,930 domestic shares, accounting for approximately 38.16% of the total issued shares of SHENGHUA LANDE.
Since the completion of the domestic share trading agreement has been realized, the offeror (i.e., XinYun ZhiLian and XinHua HeYun (Hong Kong)) must make a mandatory conditional general offer in cash for all issued shares (including H shares and domestic shares) that have not yet been owned or agreed to be acquired by the offeror and JunRan Technology, in accordance with Rule 26.1 of the Takeovers Code. Considering that the H-share trading agreement will be completed on July 31, 2025, the offer will become an unconditional general offer on July 31, 2025
