Yues International Holdings Group Limited Announces Extension of Completion Date for Key Acquisition

Key Highlights

• Yues International Holdings Group Limited (“the Company”) is in the process of acquiring 100% equity interest in Hangzhou Yihang Logistics Co., Ltd.
• This acquisition constitutes a discloseable transaction under the Listing Rules.
• The original deadline for completion of all acquisition matters was 30 April 2026, as previously announced.
• The change of industrial and commercial registration, a critical step for the completion of the acquisition, has not yet been finalized, despite passing the preliminary review by government authorities.
• By mutual agreement between the Purchaser and Vendor, the completion deadline has been extended to 31 May 2026.
• All other terms and conditions of the acquisition agreement remain unchanged and in full force.

Details of the Transaction

The Company had previously disclosed its intention to acquire the entire equity interest in Hangzhou Yihang Logistics Co., Ltd., marking a strategic move to expand its logistics business. The acquisition was subject to completion of all necessary procedures, including a mandatory change of industrial and commercial registration to reflect the new ownership.

As of 30 April 2026, the Company reports that, while the preliminary government review has been successful, finalization of the required registration change is still pending. This procedural delay has led both parties to agree on a new completion deadline of 31 May 2026.

Potential Impact on Shareholders and Share Price

• Extension of Completion Date: The one-month extension in completing the acquisition could be significant for investors, as it signals a minor procedural delay rather than any substantial issue with the transaction itself.
• Regulatory Approval Passed: The preliminary review by authorities has already been passed, which should reassure shareholders regarding regulatory compliance and reduce perceived risk.
• Unchanged Transaction Terms: All other terms and conditions, including the purchase price and strategic rationale for the acquisition, remain unchanged, indicating the Company’s commitment to the deal and its growth plans.
• Potential Price Sensitivity: While the delay appears administrative, any further delays or issues with final registration could be viewed negatively by the market. Conversely, smooth completion by the new deadline may be taken positively, especially if the acquisition is expected to meaningfully contribute to the Company’s future earnings and expansion in the logistics sector.

Board Composition

The Board of Directors currently consists of four executive directors: Mr. Le Kang (Chairman), Mr. Li Zhigang, Ms. Liu Ping, and Mr. Yueh Chueh-Hsin, as well as three independent non-executive directors: Mr. Lau Wai Piu Patrick, Dr. Wang Yi, and Mr. Zhang Yao.

Conclusion

Investors should closely monitor further announcements regarding the acquisition’s completion. The Company’s ability to finalize the transaction as per the new timeline will be important for market confidence and may impact the share price in the short term, especially if the acquisition is considered a key driver for future growth.

Disclaimer: The information provided above is based on the Company’s official supplemental announcement. Investors are advised to conduct their own due diligence and consult professional advisors before making investment decisions. The author is not responsible for any investment actions taken based on this article.

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