LOTUS HORIZON (06063.HK): Composite Document for Mandatory Unconditional Cash Offer Despatched; Closing on 20 October

NewTimeSpace News: On 29 September 2026, Lotus Horizon Holdings Limited (stock code: 06063) and the offeror Victor Xu Limited jointly announced that a mandatory unconditional cash offer, made by Rainbow Capital on behalf of Victor Xu Limited, has been made to acquire all the issued shares of the Company (other than those already owned or agreed to be acquired by the offeror, its ultimate beneficial owner or any of their concert parties); the composite document containing the offer details, the recommendation letter from the independent board committee and the opinion letter from the independent financial adviser has been despatched to independent shareholders on 29 September 2026 in accordance with the Takeovers Code.

Under the expected timetable set out in the composite document (indicative only): the composite document was despatched and the offer opened for acceptance on 29 September 2026; the latest time and date for acceptance of the offer is 4:00 p.m. on Tuesday, 20 October 2026, which is also the closing date; the offer results will be published on the Stock Exchange's website by 7:00 p.m. on 20 October 2026; and the latest date for despatching remittances for valid acceptances is Thursday, 29 October 2026.

Reference is made to the joint announcement dated 8 September 2026 regarding the sale and purchase agreement and the offer. Independent shareholders are reminded to read the composite document and the accompanying acceptance form, in particular the independent board committee's letter and the independent financial adviser's letter, before deciding whether to accept the offer; the composite document and the acceptance form are also available on the websites of the Stock Exchange and the Company.

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