Sinofortune delays composite document for Chairman Wang Jiawei’s mandatory cash offer

Bulletin Express
Jul 14

Sinofortune Financial Holdings Limited announced a postponement in sending out the composite offer document related to the possible mandatory unconditional cash offer for all its issued shares not already owned by Chairman Wang Jiawei and his concert parties (excluding Ms. Lai).

Pursuant to Rule 8.2 of the Hong Kong Takeovers Code, the composite document was originally due no later than 14 July 2026, i.e., 21 days after the 23 June 2026 joint announcement. However, completion of the underlying Subscription Agreement—identified as a pre-condition to the offer—cannot be achieved within this timeframe.

Following an application under Note 2 to Rule 8.2, the Executive has indicated it is minded to grant consent for an extension. The new deadline for despatch will be the earlier of: 1) within seven days after completion of the Subscription Agreement, or 2) 7 October 2026.

Further announcements will be issued in accordance with the GEM Listing Rules and the Takeovers Code once the composite document is ready for circulation. The board reiterates that the directors collectively and individually accept full responsibility for the accuracy and completeness of the information disclosed, with Mr. Wang bearing separate responsibility for details relating to himself and his concert parties.

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