I.CENTURY HLDG's controlling stake changes hands, receiving a discount of approximately 32.07%, and a full acquisition offer will resume trading on September 24

According to the Zhitong Finance APP, I.CENTURY HLDG (08507) and the offeror, Three Apples Industry Holdings Group (Hong Kong) Limited, jointly announced that on September 5, 2025, the offeror completed the acquisition of 280 million shares from Giant Treasure Development Limited, accounting for 70% of the company's issued share capital as of the date of this joint announcement, for a cash consideration of HKD 35 million, equivalent to HKD 0.125 per share sold.

Immediately following the completion and as of the date of this joint announcement, the offeror and its concert parties will hold interests in 280 million shares (representing 70% of the total issued share capital of the company). Therefore, according to Rule 26.1 of the Takeovers Code, the offeror will be required to make a mandatory unconditional cash offer for all issued shares (excluding those already owned or agreed to be acquired by the offeror and its concert parties). The offer will be made to independent shareholders. The offer price is HKD 0.125 per offer share, representing a discount of approximately 32.07% to the closing price of HKD 0.1840 per share reported on the Stock Exchange on September 5, 2025 (the last trading day).

In addition, the company has applied to the Stock Exchange for the resumption of trading of its shares on the GEM board starting from 9:00 AM on September 24, 2025.

It is reported that the director of the offeror is Mr. Wu Qifeng. The offeror is 100% directly and beneficially owned by Mr. Wu Qifeng