Qianbaidu (01028): The offeror has effectively accepted about 715 million shares of the offer

According to the Zhitong Finance App, Qianbaidu (01028) and the offender Orchid Valley Holdings Limited jointly announced that at 4:00 p.m. on January 29, 2024, the offeror had received effective acceptance of approximately 715 million shares (accounting for about 34.44% of all issued shares on the date of this joint announcement) in accordance with the offer.

The offeror has decided to further extend the offer until 4:00 p.m. on February 19, 2024 (Monday) (or such other time and/or date as the offeror may determine and announce in accordance with the Takeovers Code) to provide additional time for shareholders to accept the offer.

Immediately after January 29, 2024, and taking into account the effective acceptance submitted under the offer (after completion of the transfer of such shares to the offeror), along with shares owned or acquired or agreed to be acquired before or during the offer, the offeror held, controlled or directed approximately 819 million shares (accounting for approximately 39.43% of the total shares issued on the date of this Joint Announcement); and the offeror and those acting in concert with the offeror jointly held, controlled or directed approximately 1,255 million shares (accounting for approximately 60.41% of all shares issued on the date of this Joint Announcement).