Yiyuan Liquor Co., Ltd. (08146) changed ownership with a discount of about 52.86% and offered a full purchase offer to resume trading on December 31

According to the Zhitong Finance App, Yiyuan Liquor (08146) and the offender Hill Valley Investment Co Ltd jointly announced that on December 12, 2025, the offeror completed the acquisition of a total of about 589 million shares of the company's shares, which is equivalent to about 73.63% of the company's total issued share capital on the date of this joint announcement. The total cost is about HK$73.629,800, equivalent to about HK$0.12,491 per share sold.

According to Rules 26.1 and 13.5 of the Takeovers Code, the offeror is required to make a mandatory unconditional cash offer to acquire the offered shares (that is, all shares issued, except those already owned and/or agreed to by the offeror) and to cancel all outstanding share options. The offer will be proposed by New Berry Finance and Ed Capital on behalf of the offeror, with a cash discount of HK$0.12,491 per share, about 52.86% off the closing price of HK$0.2650 per share as reported by GEM on the Stock Exchange on December 9, 2025. The company has applied to the Stock Exchange to resume stock trading on the Stock Exchange GEM from 9:00 a.m. on December 31, 2025.

As of the date of this joint announcement, the offender is ultimately wholly owned by Mr. Yang Lingjiang. Mr. Yang Lingjiang is the sole director of the offender.