BWI INT'L (02339) ownership may change hands and Luxshare Precision Industry is expected to resume trading on May 11th.

BWI INT'L (02339) announces that the company has been informed by its controlling shareholder, Kingxi Zhixing Group, that on March 31, 2026, the seller, guarantor, Luxshare Precision Industry, and Kingxi Zhixing Group entered into a sale and purchase agreement (the Agreement). Luxshare Precision Industry conditionally agreed to acquire, and the seller conditionally agreed to sell, all the equity interests in Kingxi Zhixing Group, subject to the terms and conditions of the Agreement (potential acquisition). As of the date of this announcement, Kingxi Zhixing Group holds more than 50% of the voting shares of Kingxi Zhixing (Beijing) Automotive Electronics Technology Co., Ltd. (Kingxi Beijing), which holds interests in a total of 769 million shares, equivalent to approximately 59.50% of the total number of issued shares. If the potential acquisition is completed, Luxshare Precision Industry will indirectly hold 59.50% of the total issued shares of the company and become the ultimate controlling shareholder. Luxshare Precision Industry has applied to the Securities and Futures Commission for an exemption from making a mandatory general offer to the company in accordance with the Takeover Code Rule 26.1 Note 8 (chain principle). The executive has expressed their intention to grant this exemption to Luxshare Precision Industry. The company has applied to the Stock Exchange for the resumption of trading of its shares on the Stock Exchange with effect from 9:00 am on May 11, 2026.