Easy Life Holdings (00223): Some takeover offers lapsed

According to Zhitong Finance App News, Easy Life Holdings (00223) and the offender China Innovation Investment Co., Ltd. (01217) jointly announced that at 4:00 p.m. on January 5, 2026 (that is, the deadline was extended), the offeror had received valid acceptance of a total of 7.072 million offered shares (accepted shares) under some of the relevant takeover offers, which is equivalent to about 0.52% of the total number of shares issued on the date of this announcement.

Immediately prior to the start of the offer period, the offeror and those acting in concert had an interest in 226 million shares (according to the latest published information available to the public by the Offeree Company, which is equivalent to approximately 16.66% of the total issued share capital of the Offeree Company on the date of this announcement). Other than those 226 million shares, none of the offerors and those acting in concert held, controlled or directed any shares or share rights immediately prior to the commencement of the offer period.

As stated in the offer documents, some takeover offers are subject to the following conditions: at least 180 million shares of the offer are validly accepted (and not withdrawn where permitted) at or before 4:00 p.m. of the initial cut-off date or at such later date as may be announced by the offeror in accordance with the provisions of the Takeovers Code.

Due to the degree of acceptance of some of the takeover offers described above, the above conditions have not been met after the extended deadline. As a result, part of the takeover offer was not unconditional and expired on January 5, 2026 (Monday).

According to Rules 31.1 and 31.2 of the Takeovers Code, if part of a takeover offer has been announced or published but has not been made or declared unconditional and has been withdrawn or expired, the offeror and those acting in concert with it may not within 12 months from the date of this announcement: (i) publish an offer or a possible offer in respect of the offender company (including any offer which may cause the offender or a person acting in concert with them to hold 30% or more of the shares of the offered company); or (ii) obtain voting rights in the offeree company, If you want to date someone or with them Acting in concert would therefore incur the obligation to make an offer under Rule 26 of the Takeovers Code.