Zhitong Finance App News, Baofa Group (03326.HK) and the offender Immaculate Diamonds Limited jointly announced that on May 30, 2025, the offender requested the board of directors to submit proposals to the planned shareholders to privatize the company through planning arrangements in accordance with section 86 of the Company Law. The plan will involve the cancellation and removal of the planned shares, payment of the cancellation price of each cancelled planned share in cash to the planned shareholders (as compensation), and the cancellation of the listing status of the shares on the Stock Exchange. HK$0.25 in cash for each cancelled planned share is approximately 61.29% premium over the closing price of HK$0.155 per share as reported on the stock's closing price on the Stock Exchange on the last trading day.

Zhitong Finance App News, Baofa Group (03326.HK) and the offender Immaculate Diamonds Limited jointly announced that on May 30, 2025, the offender requested the board of directors to submit proposals to the planned shareholders to privatize the company through planning arrangements in accordance with section 86 of the Company Law. The plan will involve the cancellation and removal of the planned shares, payment of the cancellation price of each cancelled planned share in cash to the planned shareholders (as compensation), and the cancellation of the listing status of the shares on the Stock Exchange. HK$0.25 in cash for each cancelled planned share is approximately 61.29% premium over the closing price of HK$0.155 per share as reported on the stock's closing price on the Stock Exchange on the last trading day.