MEGAIN Holding (Cayman) Co., Ltd. (MEGAIN) and Geehy International Ltd. have jointly announced the formal despatch of a composite offer and response document dated 22 July 2026, marking the commencement of an unconditional mandatory cash offer for all MEGAIN shares not already owned or agreed to be acquired by Geehy and its concert parties. ICBC International Capital Ltd. acts as financial adviser and offeror representative for Geehy.
The offer opened for acceptance on 22 July 2026 and, under the Hong Kong Takeovers Code, will remain open until 4:00 p.m. on 12 August 2026, the designated Closing Date. As the offer is unconditional, shareholders who submit valid acceptances cannot withdraw them except under limited Takeovers Code circumstances.
Key milestone dates include: • Offer opens: 22 July 2026 • Latest time for acceptance / Closing Date: 4:00 p.m., 12 August 2026 • Announcement of acceptance levels: by 7:00 p.m., 12 August 2026 • Despatch of cash consideration for valid acceptances: by 21 August 2026 The timetable may change if the offer is revised or extended; any adjustments will be announced jointly by Geehy and MEGAIN.
The Composite Document contains the Independent Board Committee’s recommendation and an independent financial adviser’s opinion. Shareholders are urged to review these materials in full before making any decision on the offer.
The boards of both Geehy and MEGAIN remind investors to exercise caution when dealing in MEGAIN’s securities and to seek professional advice if in doubt.