Chow Tai Fook Investment Co., Ltd. plans to make a tender offer to acquire 25% stake in Yunnan Jinggu Forestry Co.,Ltd (SHSE:600265) from Chongqing Sokon Holding Co.Ltd., Beijing Lanfeng Capital Management Co., Ltd. and others for CNY 1.1 billion on June 30, 2018. Chow Tai Fook Investment Co., Ltd. plans to acquire 32.45 million shares at CNY 32.57 per share. In a related deal, Chow Tai Fook Investment Co., Ltd. signed share transfer contract to acquire a 30% stake in Yunnan Jinggu Forestry Co., Ltd from Chongqing Sokon Holding Co. Ltd. for CNY 1.3 billion on June 30, 2018. Post transfer, Chow Tai Fook Investment Co., Ltd. will hold 55% stake in Yunnan Jinggu Forestry Co.,Ltd. The deal is subject to the shareholders’ approval. As on July 8, 2018, transaction has been approved by the Board of Yunnan Jinggu Forestry. As on July 24, 2018, transaction has been approved by the shareholders of Yunnan Jinggu Forestry. The tender offer is valid from December 19, 2018 to January 17, 2019. Guotai Junan Securities Co., Ltd. (SHSE:601211) acted as financial advisor for Yunnan Jinggu Forestry Co.,Ltd in the transaction. Chow Tai Fook Investment Co., Ltd. completed the tender offer to acquire 25% stake in Yunnan Jinggu Forestry Co.,Ltd (SHSE:600265) from Chongqing Sokon Holding Co.Ltd., Beijing Lanfeng Capital Management Co., Ltd. and others on January 17, 2019. A total of 74.4 million shares were tendered and pre-accepted and Chow Tai Fook Investment Co., Ltd. will acquire the pre-received shares proportionately as tender offer was for 32.45 million shares. The processing of Chow Tai Fook Investment Co., Ltd.'s remaining shares of less than one share purchased from each of the pre-accepted shareholders will be handled in accordance with the handling of odd lots in the equity distribution of China Securities Depository and Clearing Co., Ltd. Shanghai Branch. Chongqing Sokon Holding Co.Ltd. and Beijing Lanfeng Capital Management Co., Ltd. tendered 4 million and 2.8 million shares respectively. Chongqing Sokon Holding Co.Ltd.’s stake reduced from 7% to 4% and Beijing Lanfeng Capital Management Co., Ltd.’s stake reduced from 5% to 2.8%. Hangzhou Cixuan Peitong Investment Management Partnership Enterprise (LP) tendered 9.3 million shares and reduced its stake from 16.1% to 9.3%. Chow Tai Fook Investment Co., Ltd. has fulfilled the relevant obligations in accordance with the relevant provisions of the Shanghai Stock Exchange and the China Securities Depository and Clearing Co., Ltd. Shanghai Branch. The procedures for the liquidation of the tender offer will be handled in the near future.