On 4 March 2026, a Public Disclosure Form regarding a possible mandatory general offer for the shares of CHINA SHENGMU (Stock Code: 01432) was released. The form states that CITIC Securities Company Limited, a Class (5) associate connected with the offeror, disclosed transactions in the shares of China Shengmu Organic Milk Limited on 3 March 2026.

According to the disclosure, CITIC Securities Company Limited carried out both a sale and a purchase of 333,000 shares each. The total amount paid for the purchase and received for the sale was US$113,253.30 for each transaction, with the highest and lowest prices recorded at US$0.3401. These dealings were described as closing or flattening of proprietary positions arising from unsolicited client-driven dealings.

The disclosure highlights that these transactions took place no later than the close of the morning trading session on the trading day following the originating client-driven dealing, in line with the submitted statement.