Truly International Holdings Limited Announces Successful Bid in Major Equity Acquisition of Truly RS

Key Developments:

• Truly International Holdings Limited (“the Company”, Stock Code: 00732) has provided a significant update regarding its proposed acquisition of equity interests in Truly RS.
• The acquisition is being conducted through public tenders on the Assets and Equity Exchange, targeting a total of approximately 11.43% equity interest in Truly RS currently held by Renshou Industries.
• Shareholders previously approved the proposed acquisitions at the Extraordinary General Meeting (EGM) held on 17 December 2025.

Details of the First Tender:

• Truly Opto-Electronics, a subsidiary of the Company, has successfully won the first tender for approximately 5.714% equity interest in Truly RS.
• The winning tender price is RMB502.5425 million, falling within the previously approved total consideration cap of RMB1,050 million for the full 11.43% stake.
• The Assets and Equity Exchange confirmed the successful bid on 10 March 2026.

Completion Process & Financial Terms:

• Truly Opto-Electronics is required to enter into a transaction agreement with Renshou Industries to finalize the acquisition.
• The tender deposits (minus service fees) will be applied toward the final purchase price.
• As stipulated in the tender notice, the purchase price must be settled in full within five working days from the signing of the transaction agreement.
• The agreement between Truly Opto-Electronics and Renshou Industries was signed on 12 March 2026, initiating the payment period.

Implications for Shareholders and Potential Share Price Impact

• Material Transaction: The acquisition represents a potentially transformative investment for Truly International, increasing its stake and influence in Truly RS. The scale (over RMB500 million for the first phase) is substantial, and the full acquisition (up to RMB1,050 million) is a major deployment of Company resources.
• Shareholder Approval Secured: The transaction has already received shareholder approval, mitigating procedural risks related to governance.
• Execution Risk: Completion is now contingent on timely payment and the successful transfer of equity, but with the agreement already signed, the process appears on track.
• Potential Share Price Sensitivity: The market may react positively to the news of successful acquisition progress, as it signals strategic expansion and potential earnings growth. However, investors should also consider the impact of the large cash outflow on the Company’s balance sheet, as well as integration risks related to expanding its stake in Truly RS.

Other Corporate Information

The Board of Directors as of the announcement date includes:

• Executive Directors: Mr. Lam Wai Wah (Chairman), Mr. Wong Pong Chun, James, Mr. Cheung Wing Cheung
• Non-Executive Directors: Mr. Song Bei Bei, Ms. Lam Po Chun, Jane
• Independent Non-Executive Directors: Mr. Chung Kam Kwong, Mr. Heung Kai Sing, Mr. Cheung Wai Yin, Wilson

Conclusion

This development marks a critical milestone in Truly International Holdings Limited’s growth strategy, reflecting successful execution of its acquisition plans and a significant capital investment in Truly RS. Investors should monitor further updates regarding the completion of payment, transfer of equity interests, and potential subsequent tenders for the remaining stake.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with their professional advisers before making investment decisions based on this information. The author and publisher accept no liability for any loss arising from reliance on the information provided herein.

View TRULY INT’L Historical chart here