111 Inc says co-founders, Huadeng Tech propose take-private at US$4.52 per ADS

• 111 received an unsolicited, preliminary non-binding proposal dated Sept. 16, 2026 to buy remaining Class A shares not owned by the buyer group.
• Bid submitted by co-founders Gang Yu, Junling Liu, and Huadeng Tech BioArray Ventures, targeting a going-private deal.
• Offer price set at US$ 0.23 per Class A share, or US$ 4.52 per ADS, payable in cash.
• Funding expected from equity capital, including rollover equity and cash contributions from the sponsor or affiliates.
• Board has not yet reviewed the proposal or decided on a response; no certainty a definitive deal will be reached.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 111 Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609170425PR_NEWS_USPR_____CN50558) on September 17, 2026, and is solely responsible for the information contained therein.