Add New Energy Sends Composite Document for Unconditional Takeover Offer and Announces Board Changes

Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potentialAdd New Energy Investment Holdings Group Ltd. ( (HK:2623) ) has shared an announcement. Add New Energy Investment Holdings Group Ltd. has confirmed the despatch of a composite offer document dated 18 December 2025 to shareholders, detailing an unconditional mandatory general cash offer by Prominence Investment Holding Company Limited to acquire all issued shares not already owned or agreed to be acquired by the offeror and its concert parties. The offer, which opened on 18 December 2025 and is scheduled to close at 4:00 p.m. on 8 January 2026, is accompanied by recommendations from an independent board committee and advice from an independent financial adviser, and sets out the timetable for acceptance and settlement of consideration, signalling a potential change in the company’s shareholder base and board leadership, including the appointment of new directors, a new chairman and adjustments to the nomination committee, which may reshape governance and strategic direction. The most recent analyst rating on (HK:2623) stock is a Hold with a HK$5.00 price target. To see the full list of analyst forecasts on Add New Energy Investment Holdings Group Ltd. stock, see the HK:2623 Stock Forecast page. More about Add New Energy Investment Holdings Group Ltd. Add New Energy Investment Holdings Group Ltd. is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange (Stock Code: 02623). The company operates in the energy and related investment sector, with its shares actively traded in the Hong Kong capital market, attracting both strategic and financial investors. Average Trading Volume: 1,576,708 Technical Sentiment Signal: Strong Buy Current Market Cap: HK$1.71B