SanRex proposes to acquire Frontage Holdings for HKD 2.370 per share

• SanRex agreed on November 9, 2026, to take Frontage Holdings private at HK$ 2.37 per share, with subsequent delisting.
• The price represents a 59.1% premium to the last closing price; SanRex will not increase it.
• Maximum cash requirements total HK$ 2.03 billion and US$ 75 million, including performance-linked earnouts for 2026 and 2027.
• A subsequent business separation will leave CRL controlling the target business, while Hongkong Tigermed receives the non-target China business.
• Completion remains subject to shareholder consent, court sanction and regulatory clearances, with an initial April 30, 2027, deadline for preconditions.

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. Frontage Holdings Corporation published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261109-12405903), on November 09, 2026, and is solely responsible for the information contained therein.