Fu Shou Yuan International Group Limited announced that individual investor Ms. Gong Hailin intends to launch a pre-conditional voluntary cash partial offer to purchase up to 115.00 million shares, equivalent to approximately 4.96 % of the company’s issued share capital, at HK$0.10 per share. The offer price represents a discount exceeding 50 % to the closing price on 19 March 2026 and to the five-day average immediately preceding that date.
According to the Offeror Announcement dated 1 September 2026, neither Ms. Gong nor her concert parties currently own any shares or other relevant securities of Fu Shou Yuan. The stated objective is to acquire a passive investment interest; the offeror does not seek control, joint control, or participation in daily operations. AFG Securities Limited will act on behalf of Ms. Gong in making the offer.
The proposal is subject to three pre-conditions from the Securities and Futures Commission’s Executive: 1. Consent under Rule 28.1 of the Takeovers Code to proceed with a partial offer; 2. A waiver permitting the offer at a price more than 50 % below recent market prices; and 3. A waiver allowing the offer to cover a specified share range rather than an exact number under Rule 28.7.
Fu Shou Yuan currently has 2.32 billion shares in issue and no outstanding options, warrants, or convertible instruments.
The board has formed an Independent Board Committee composed entirely of non-executive and independent non-executive directors with no interest in the transaction. The committee will appoint an Independent Financial Adviser to evaluate the partial offer. Until shareholders receive the company’s response document, the committee’s advice, and the adviser’s opinion, no recommendation on acceptance is provided.
Under the Takeovers Code, the Offer Document must be dispatched within 21 days of 1 September 2026, followed by the company’s response document no later than 14 days after the offer document’s issuance.
Trading in Fu Shou Yuan shares has been suspended since 20 March 2026 and remains halted. Shareholders and potential investors are advised to exercise caution.
Associates of both the company and the offeror, including holders of 5 % or more of any class of relevant securities, are reminded of their obligation to disclose dealings in accordance with Rule 22 of the Takeovers Code.