VIVA GOODS (00933.HK): Further acquisition of 19,231,000 shares in Li Ning, raising stake to 19.04%

NewTimeSpace News: On 7 September 2026, Viva Goods Company Limited (stock code: 00933) announced that the purchaser, Viva China Development Limited, a wholly-owned subsidiary of the company incorporated under the laws of the British Virgin Islands, had further acquired an aggregate of 19,231,000 shares in Li Ning Company Limited on the open market through the Stock Exchange on the same day.

The acquired shares represent approximately 0.74% of the total issued shares of Li Ning. The total consideration was approximately HKD 263,736,000 (exclusive of stamp duty and related expenses), representing an average price of approximately HKD 13.71 per share, settled in cash in accordance with standard market practice and funded by the group's external financing. Prior to the acquisition, the purchaser held 472,940,043 shares in Li Ning (approximately 18.30%); upon completion, it will hold 492,171,043 shares (approximately 19.04%). Li Ning is an associate of the group and will continue to be accounted for as an associate upon completion of the acquisition.

As two of the applicable percentage ratios under Chapter 14 of the Listing Rules, calculated on an aggregate basis, exceed 5% but all remain below 25%, the acquisition constitutes a discloseable transaction for the company, subject to the reporting and announcement requirements under Chapter 14. The announcement also disclosed that two earlier rounds of open market acquisitions by the company, from 30 October 2025 to 27 August 2026 and from 28 August 2026 to 4 September 2026, each constituted major transactions. Li Ning is one of China's leading sporting goods companies, with unaudited net assets of approximately RMB 28,658,629,000 as of 30 June 2026.

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