Ocean Vivo secures Profit Source backing for Xin Yuan offer, lifting committed shares to 7.38%

• Profit Source committed on October 19, 2026, to tender 17,478,000 Xin Yuan Enterprises Group shares to Ocean Vivo's cash offer.
• The stake represents 3.97% of issued shares, bringing total irrevocable commitments, including PLH's holding, to 32,478,000 shares, or 7.38%.
• Ocean Vivo seeks all issued shares not already owned or agreed to be acquired by it or parties acting in concert.
• Profit Source agreed not to withdraw its acceptance, dispose of its shares or support a competing offer.
• The undertaking expires February 16, 2027, unless the offer lapses or is withdrawn earlier.

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. Xin Yuan Enterprises Group Ltd. 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-20261020-12377324), on October 20, 2026, and is solely responsible for the information contained therein.