CHINA VERED FIN (00245) plans to invest approximately HK$514 million in the acquisition of equity interests in Wisdom Moon (BVI) Class A shares, increasing its involvement in the new energy commercial vehicle sector.

CHINA VERED FIN (00245) announced that on June 20, 2025, its indirect wholly-owned subsidiary Zhongmin Strategic Investment Management Holdings Limited intends to acquire approximately 23.87% and 19.33% of the issued A class shares of Wisdom Moon (BVI) Limited from Integrated Winners Enterprises Limited and Smart Silver Global Limited, respectively, for a total consideration of HK$514.1 million (HK$284.1 million and HK$230 million, respectively). As the buyer already holds approximately 9.24% equity in the target company's issued A class shares, after the completion of the sale and purchase agreement, the company will indirectly own a total of approximately 52.44% equity in the target company's issued A class shares. Since the holders of the A class shares have no voting rights at the target company's shareholders' meeting, the group does not have control or significant influence over the target company, and therefore, the target company will not be consolidated into the company's financial statements. As a result, the target company's financial performance will not be included in the group's consolidated financial statements. The target company is an investment holding company, with its main investment being in Wisdom Group Holdings Limited, a limited company registered in the Cayman Islands (referred to collectively with its subsidiaries as "Wisdom Group"). As of the date of this announcement, the target company holds voting common shares in Wisdom Group Holdings, equivalent to approximately 43.28% of its issued share capital. The company believes that the transformation of the commercial vehicle industry to clean energy holds significant potential, especially in the growing market for battery-powered electric vehicles and fuel cell electric vehicles. Hydrogen is becoming increasingly important for medium and heavy-duty commercial vehicles, and the widespread adoption of fuel cell electric vehicles is expected to accelerate significantly. With China's efficient and cost-competitive supply chain, the target company (and Wisdom Group Fujian) is expanding its global market share in the zero-emission commercial vehicle market. Its achievements include introducing the world's first hydrogen-powered double-decker bus in Hong Kong, exporting the first hydrogen fuel heavy-duty truck to Australia, and delivering the first 12-meter hydrogen-powered city bus to the Gulf Cooperation Council market. Templewater Investments (which holds 100% of the issued B class shares) is a wholly-owned subsidiary of the well-known alternative investment company Templewater Holdings Limited. Directors believe that with Templewater Investments as a shareholder of the target company, there may be potential synergies with the group's asset management business.