Asia Fuji (08413) received a 124% premium from Hong Kong Lianfeng Products and a voluntary cash partial offer to resume trading on December 11

Zhitong Finance App News, Asia Fuji (08413) and the offender Hong Kong Lianfeng Products Co., Ltd. jointly announced that Tianfeng Securities and Shenwan Hongyuan (representing the offeror) will make a voluntary cash partial offer with preconditions to the eligible shareholders to acquire at least 590 million shares in the offer (accounting for approximately 50.77% of the company's issued share capital on the date of this joint announcement) and a maximum of 755.3 million shares in the offer (accounting for 65.00% of the Company's issued share capital on the date of this joint announcement). HK$0.258 There will be no increase in the offer price, and the offeror does not reserve the right to act in this way. Shareholders and potential investors of the Company should be aware that the offeror will not increase the offer price after making this statement.

The offer price of HK$0.258 per share is about a 124% premium over the closing price of HK$0.115 per share reported on the Stock Exchange on November 11, 2025.

The offender is a leading producer of agricultural and agricultural and sideline products in Hubei Province, China. The company believes that the company is a unique and very attractive platform that complements the core business of the offender and its parent company in China through vertical integration of its downstream distributors. The Offeror believes that some of the offers will integrate the core competitiveness of both the Offeror and the Company, and unleash huge strategic value.

In line with China's “going global” national strategy and the new “double cycle” development model, the offeror expects that some of the offers will not only bring strong industrial synergy and growth opportunities to the offender and the company, but also promote the expansion of the offeror's business and enhance the market competitiveness of Hubei agricultural by-products in the Hong Kong terminal market.

Overall, the offeror believes that the deal will create complementary advantages for both parties, support their respective growth strategies, and ultimately bring significant value to Hong Kong consumers.

According to reports, the offender is a limited company incorporated in Hong Kong. As of the date of this joint announcement, the offender is a direct wholly-owned subsidiary of Hubei Grain, Oil and Food Import and Export Group Co., Ltd., which is a direct wholly-owned subsidiary of Hubei Agricultural Development Group and a 100% state-owned enterprise directly managed by the State-owned Assets Supervision and Administration Commission of the Hubei Provincial People's Government. The offender is mainly engaged in investment holding business.

The Company has applied for the resumption of stock trading on the Stock Exchange starting at 9:00 a.m. on December 11, 2025.