Rongfeng Group Asia (08526) changed its controlling interest and received a premium of about 3.03% and proposed a full purchase offer to resume trading on November 4

According to Zhitong Finance App News, Rongfeng Group Asia (08526) and the offender Lumina Holdings Limited jointly announced that on October 21, 2026, the offender acquired 83.06 million shares from Wing Fung, which is equivalent to approximately 51.19% of the company's issued share capital on the date of this joint announcement. The total cost was approximately HK$41.554 million, which is equivalent to the sum of the loan principal amount and accrued interest under the loan agreement, that is, the outstanding amount (equivalent to the cost). It was completed on the same day. The settlement method is that Wing Fung instructs the offeror, and the offeror accepts the instructions to repay the outstanding amount under the loan agreement, and the share mortgage is terminated accordingly.

Immediately after completion and on the date of this joint announcement, the offender, its ultimate beneficial owner, and any of their agreed actors held interests in a total of 83.062,500 shares, which is equivalent to approximately 51.19% of the company's issued share capital at the date of this joint announcement, and has become the controlling shareholder. The offeror is required to make a mandatory unconditional cash offer for all issued shares (other than those already owned or agreed to be acquired by the offeror, its ultimate beneficial owner or any person acting in agreement with them), at HK$0.4997 per share, a premium of approximately 3.03% over the closing price of HK$0.4850 per share reported on the Stock Exchange on October 21, 2026, in accordance with Rule 26.1 of the Takeovers Code. The Offeror is wholly owned by Mr. Chen Haining (who is also the sole director of the Offeror).

The company has applied to the Stock Exchange to resume trading of shares on the Stock Exchange starting at 9:00 a.m. on November 4, 2026.