According to the Zhitong Finance App, Litmi (01936) and the offender INNOVATION FORGE HOLDINGS LIMITED jointly announced that on September 25, 2026 (after the transaction period), the company was notified by the offeror and seller that the buyer, seller and seller's guarantor had entered into a sales agreement. According to the agreement: (a) the first seller, Garry-Worth Investment Limited, has agreed to sell and the first buyer, Stellar Gate Investments Limited, has agreed to purchase 266 million shares of the first shares to be sold, accounting for approximately 56.37% of all issued shares and 57% of the issued voting shares as of the date of this joint announcement; (b) the first seller has agreed to sell and the second buyer has agreed to buy 71.445,700 shares of the first seller, accounting for the entire number of shares to be sold on the date of this joint announcement Approximately 15.14% of the issued shares and 15.31% of the issued voting shares; and (c) the second seller, Warrants Capital Ltd, has agreed to sell and the second buyer, Innovation Forge Holdings Limited, has agreed to purchase 26.316 million shares of the second seller's shares, accounting for approximately 5.58% of all issued shares and approximately 5.64% of the issued voting shares on the date of this joint announcement.
The shares to be sold include a total of 364 million shares, accounting for approximately 77.08% of all issued shares and 77.94% of the issued voting shares at the date of this joint announcement. The total cost of the shares to be sold was HK$224 million, equivalent to HK$0.6170 per share, of which: (i) the first buyer should pay HK$164 million to purchase the first share to be sold; and (ii) the second buyer should pay HK$603.18,900 to purchase the second share for sale.
The sale of the first seller's shares and the second seller's shares is a mutual condition and must be completed at the same time. Partial completion will not be carried out unless otherwise agreed in accordance with the sales agreement.
The offer price of HK$0.6170 per share was discounted by approximately 29.08% from the closing price of HK$0.8700 per share reported on the Stock Exchange on the last trading day.
The company has applied for shares to resume trading on the Stock Exchange at 9:00 a.m. on September 28, 2026.