VISTAR HOLDINGS (08535) changes controlling shareholder, receives a general offer at a discount of approximately 86.79%, and will resume trading on November 3.

VISTAR HOLDINGS (08535) and the offeror, Mr. Zeng Kai, jointly announced that on October 15, 2026, the offeror acquired 900 million shares from the sellers (Success Step, Noble Capital and Legend Advanced), representing 75.0% of the total issued share capital of the company as at the date of this joint announcement, for a total consideration of HK$28.5 million, equivalent to HK$0.0317 per sale share. Immediately following completion and as at the date of this joint announcement, the offeror's concert party group had an interest in 900 million shares, representing 75.0% of the total issued share capital of the company. Pursuant to Rule 26.1 of the Takeovers Code, Grand Wisdom Securities will make, for and on behalf of the offeror, an unconditional mandatory cash offer to acquire all issued shares (other than those already owned and/or agreed to be acquired by the offeror's concert party group) at HK$0.0317 per offer share, representing a discount of approximately 86.79% to the closing price of HK$0.24 per share as quoted on the Stock Exchange on October 15, 2026 (being the last trading day). The maximum consideration for the offer will be HK$9.51 million. The company has applied to the Stock Exchange for the resumption of trading in its shares on the Stock Exchange with effect from 9:00 a.m. on November 3, 2026.