CNT Group: Offerors Issue Composite Document; Takeover Timetable Set From 29 May–6 July 2026

Bulletin Express
May 29

The joint announcement by Prime Surplus Limited and SHK Hong Kong Industries Limited (together, the “Offerors”) and CNT Group Limited (“CNT”) confirms that the Composite Document for the voluntary conditional cash offer to acquire all issued CNT shares (the “CNT Offer”) was despatched to independent CNT shareholders on 29 May 2026.

The Composite Document provides: • Full terms of the CNT Offer. • A letter from the Independent CNT Board Committee. • Independent financial adviser’s opinion to the committee. • A Form of Acceptance for shareholders wishing to tender their shares.

Key indicative timetable (Hong Kong time) • 29 May 2026: Despatch of Composite Document; CNT Offer opens. • 22 June 2026, 4:00 p.m.: First Closing Date and latest time for acceptances. Results announced by 7:00 p.m. the same day. • By 2 July 2026: Despatch of consideration for valid acceptances if the offer becomes or is declared unconditional on the First Closing Date. • 6 July 2026, 4:00 p.m.: Final Closing Date, assuming the offer is unconditional on the First Closing Date; results announced by 7:00 p.m. • By 15 July 2026: Despatch of consideration for valid acceptances received by the Final Closing Date. • 28 July 2026, 7:00 p.m.: Last date by which the offer can become or be declared unconditional as to acceptances.

Operational notes 1. The Offerors may extend or revise the CNT Offer subject to the Takeovers Code, with any change announced no later than 7:00 p.m. on the First Closing Date. 2. If the offer becomes unconditional, it must remain open for at least 14 additional days. 3. Remittances for accepted shares will be mailed within seven business days after valid documentation is received. 4. Severe weather on any key deadline could shift relevant dates to the next business day without such conditions. 5. Beneficial owners holding shares through CCASS should observe broker or custodian cut-off times to meet the formal deadlines.

Cautionary statement The CNT Offer is conditional and may not become unconditional. Shareholders and potential investors are advised to exercise caution when dealing in CNT securities and to seek professional advice if in doubt.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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