Wanshun Group Holdings (01746): Memorandum of Understanding involving potential change of control has expired; offer period has ended

WiseTech Global (01746) announced that on January 28, 2026, the seller Prime Pinnacle Limited and its guarantors entered into a memorandum of understanding with potential buyer Winsun Special Assets International Co., Ltd., involving the possible sale of the seller’s interests to the potential buyer or entities controlled by the potential buyer. If implemented, this could lead to a change in control of the company and trigger a mandatory general offer under the Takeovers Code for all issued shares (excluding shares already owned or agreed to be acquired by the potential buyer, beneficial owners, or any concert parties). As of the close of business on February 28, 2026, the potential buyer had not paid the deposit. Therefore, the memorandum of understanding expired on February 28, 2026.

Regarding the Takeovers Code, the offer period for the possible transaction ended on the date of this announcement.

The board believes that the expiration of the memorandum of understanding will not have a significant adverse impact on the group’s financial or operational position.