crouchingtigerhiddendragonswordofdestiny|智富资源投资(00007.HK)：王永魁拟折让约43.75%提出部分收购要约

Gelonghui 2 May, Zhifu Resources Investment (00007)Crouchingtigerhiddendragonswordofdestiny.HK) announcementCrouchingtigerhiddendragonswordofdestinyOn April 30, 2024, the offeror, Mr. Wang Yongkui, informed the offeree that he had a definite intention to make a partial takeover offer at the offer price of 0% per shareCrouchingtigerhiddendragonswordofdestinyHK $018 to acquire 158 million offer shares not already owned by the offeror and its parties (representing approximately 4.71% of the issued share capital of the offeree as at the date of this announcement).

The offer price of HK $0.018 per share is approximately 43.75% off the closing price of HK $0.032 per share as quoted on the Stock Exchange on March 28, 2024.

The offeror, 39, is a Chinese businessman whose business covers import and export trade, property investment and medical investment. He has more than 10 years of experience in investment and import and export trade. He is now the controlling shareholder and director of Shenzhen China-Hong Kong Investment Development Co., Ltd., which was established in China and is mainly engaged in investment and import and export trade. He is also the sole shareholder and director of Guangdong-Hong Kong-Macao Rongxi (Guangzhou) Investment Co., Ltd., which was established in China and is mainly engaged in property and itsCrouchingtigerhiddendragonswordofdestinyHe invests and imports and exports.

The offeror believes that the valuation of the Hong Kong stock market is low relative to the global capital markets. The offeror still has confidence in the long-term development of Hong Kong's capital market and is actively studying long-term investments in the Hong Kong stock market. The offeror believes that the property development and sand mining business of the offeree has long-term development potential. In particular, China's property development business continues to be negatively affected by the downturn in China's real estate market and pessimistic atmosphere. The offeror closely monitors the business development of the offeree Group and the industry development trend in China, and believes that the real estate development market will reverse the decline, while the offeree Group will benefit from the support of the national and local governments to the industry as a whole.

Due to the suspension of trading in shares and the low liquidity, it is difficult for the offeror to acquire such number of shares in the open market. Accordingly, the offeror proposes to launch a partial takeover offer for investment purposes. The increase in the shareholding of the offeree by the offeror and its actors can also show that the offeror is confident in the future of the offeree group.