此乃要件 請即處理 閣下如對要約的任何方面、本綜合文件的內容及╱或隨附接納表格或應採取的任何行動有任何疑問，應諮詢 閣下的持 牌證券交易商或註冊證券機構、銀行經理、律師、專業會計師或其他專業顧問並尋求獨立專業意見。 閣下如已出售或轉讓所有名下之中國新零售供應鏈集團有限公司股份，應立即將本綜合文件及隨附接納表格送交買方 或承讓人或經手買賣或轉讓之銀行、持牌證券交易商、註冊證券機構或其他代理商，以便轉交買方或承讓人。 香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算有限公司對本綜合文件及隨附之接納表格的內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本綜合文件及隨附接納表格全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本綜合文件應與隨附之接納表格一併閱覽，其內容構成要約條款及條件之一部分。本綜合文件不會在構成違反有關司 法權區相關法律的情況下於或向任何司法權區發佈、刊發或派發。 EVER REALM CAPITAL LIMITED 萬疆資本有限公司 （於英屬處女群島註冊成立的有限公司） CHINA NEXT-GEN COMMERCE AND SUPP ...

CHINA NEXT-GEN COMMERCE AND SUPPLY CHAIN LIMITED 萬疆資本有限公司 （於英屬處女群島註冊成立的有限公司） 中國新零售供應鏈集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3928） 香港交易及結算所有限公司及香港聯合交易所有限公司對本聯合公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本聯合公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 本聯合公告僅供參考，並不構成收購、購買或認購中國新零售供應鏈集團有限公司證券之邀 請或要約或構成其一部分，或於任何司法權區招攬任何表決權或批准，亦不得在與適用法律 法規相抵觸之情況下於任何司法權區出售、發行或轉讓中國新零售供應鏈集團有限公司證券。 本聯合公告不會在構成違反有關司法權區相關法律的情況下於或向任何司法權區發佈、刊發 或派發。 EVER REALM CAPITAL LIMITED 聯合公告 延遲刊發 有關華泰金融控股（香港）有限公司 代表萬疆資本有限公司作出強制性無條件現金 要約以收購中國新零售供應鏈集團有限公司之 全部已發行股份（除萬疆資本有限公司 ...

Core Viewpoint - China New Retail Supply Chain (03928) has appointed Ninth Capital Limited as an independent financial advisor to provide opinions to the independent board committee regarding the fairness and reasonableness of an offer, and whether the offer should be accepted [1] Group 1 - The appointment of Ninth Capital Limited is in accordance with the Securities and Futures Ordinance, allowing it to conduct regulated activities related to institutional financing [1] - The independent financial advisor will assess the offer's fairness and reasonableness, which is crucial for the independent board's decision-making process [1]

Group 1 - The company China New Retail Supply Chain (03928) has appointed Ninth Capital Limited as an independent financial advisor [1] - The advisory role is focused on providing opinions to the independent board committee regarding the fairness and reasonableness of an offer [1] - The appointment is in accordance with the Securities and Futures Ordinance, specifically for regulated activities related to institutional financing [1]

Core Viewpoint - China New Retail Supply Chain (03928.HK) has appointed Ninth Capital Limited as an independent financial advisor to provide opinions to the independent board committee regarding the fairness and reasonableness of an offer, and whether the offer should be accepted [1] Group 1 - The appointment of Ninth Capital Limited is in accordance with the Securities and Futures Ordinance, allowing it to conduct regulated activities related to institutional financing [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因 依賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約，亦非在任何司法權 區招攬任何表決權或批准。本公告不會在構成違反有關司法權區相關法律的情況下於或向任 何司法權區發佈、刊發或派發。 中國新零售供應鏈集團有限公司 China Next-Gen Commerce and Supply Chain Limited （股份代號：3928） （於開曼群島註冊成立的有限公司） 委任獨立財務顧問 本公告乃根據收購守則第2.1條而作出。 股東及本公司潛在投資者應注意，概不保證要約將會進行。本公司將於適當時 候刊發公告，以更新要約的狀況。因此，股東及本公司潛在投資者於買賣本公 司證券時務請審慎行事，倘彼等對其狀況有任何疑問，應諮詢其專業顧問。 承董事會命 中國新零售供應鏈集團有限公司 主席兼執行董事 何志康 茲提述中國新零售供應鏈集團有限公司（「本公司」）與萬疆資本有限公司根據 收購守則第3.5條刊發日期為二零 ...

Core Insights - The article discusses the emergence of Wang Kaili, daughter of real estate tycoon Wang Zhenhua, as a new generation leader in family business, highlighting her acquisition of a significant stake in a Hong Kong-listed company [1][3] - The acquisition not only marks Wang Kaili's public debut but also reveals the family's trust structure and wealth management strategies [3][4] - Wang Kaili's educational background and previous business ventures indicate a strategic shift towards diversification and innovation within the family business [4][6] Acquisition Details - Wang Kaili acquired 75% of China New Retail Supply Chain Group Limited for HKD 223 million, equivalent to approximately 36 million shares at HKD 0.6189 per share [1][3] - The funding for this acquisition came from the "Hua Sheng Trust," established by Wang Zhenhua for family members, showcasing the family's approach to wealth management [3][4] Business Background - Wang Kaili has been involved in investment opportunities through her role at Astrum Apex Investments Limited and co-founded a cultural toy company, Mitaki, indicating her entrepreneurial spirit [4][5] - The newly acquired company has shown lackluster performance in recent years, with revenues of SGD 6.66 million, SGD 5.56 million, and SGD 5.55 million, and net losses of SGD 150,000, SGD 100,000, and SGD 80,000 over the past three fiscal years [5][6] Family Business Strategy - The article outlines a strategic division of responsibilities within the Wang family, with Wang Xiaosong focusing on core real estate operations while Wang Kaili explores new business avenues [6][7] - This approach reflects a broader trend in family businesses, where the next generation is encouraged to pursue diverse interests, breaking traditional inheritance patterns [7][8]

Group 1 - A Hong Kong-listed company, China New Retail Supply Chain Group Limited, announced a cash offer to acquire 360 million shares, representing 75% of its total issued share capital, for HKD 223 million, at approximately HKD 0.6189 per share [1][2] - The acquirer, Wanjing Capital Limited, was established in the British Virgin Islands and is wholly owned by 26-year-old Wang Kaily, the daughter of Wang Zhenhua, founder of New城控股 [2][4] - Wang Kaily's family trust is involved in the acquisition, with funds sourced internally rather than through external financing [5] Group 2 - Wang Kaily has an academic background with degrees from Peking University and the University of Sydney, and she is currently a director at a private investment holding company [7] - She recently co-founded a trendy toy company, Mitaki, which opened its first store in June 2023, indicating her entrepreneurial ambitions [8] - The target company has shown poor financial performance over the past few years, with total revenues of SGD 6.66 million, SGD 5.56 million, and SGD 5.55 million, and net losses of SGD 150,000, SGD 100,000, and SGD 80,000 respectively [8]

Core Viewpoint - A recent acquisition in the Hong Kong stock market has brought to light the involvement of Wang Zhenhua's daughter, Wang Kaily, and her family trust in the business landscape, indicating a potential shift in the family's influence and investment strategy [3][4]. Group 1: Acquisition Details - China New Retail Supply Chain Group Limited (03928.HK) announced a resumption of trading after a brief suspension due to insider information, revealing an agreement with Wanjiang Capital Limited to acquire 360 million shares for HKD 223 million, representing 75% of the total issued share capital at approximately HKD 0.6189 per share [3][4]. - Wanjiang Capital Limited was established on July 11, 2025, in the British Virgin Islands and is wholly owned by 26-year-old Wang Kaily, who is the sole shareholder and director [4]. - The acquisition funds are sourced from internal resources, specifically through Wang Kaily's benefits from the "Hua Sheng Trust," a family trust set up by Wang Zhenhua for his family members [8]. Group 2: Background of Wang Kaily - Wang Kaily is the daughter of Wang Zhenhua, founder of New城控股 (601155.SH), and sister to the current chairman Wang Xiaosong, indicating a strong family connection to the real estate sector [5][6]. - Wang Kaily has an educational background that includes a Bachelor's degree from Peking University and Master's degrees from the University of Sydney and University College London, focusing on digital media [10][12]. - In addition to her role in the acquisition, Wang Kaily has also co-founded a trendy toy company, Mitaki, which opened its first store in June 2025, showcasing her entrepreneurial ambitions beyond traditional real estate [13]. Group 3: Company Performance - The acquired company primarily operates in the traditional construction industry, focusing on engineering services and property investment in Singapore, with a history of underperformance, reporting total revenues of SGD 6.66 million, SGD 5.56 million, and SGD 5.55 million over the past three fiscal years, alongside net losses of SGD 1.5 million, SGD 1 million, and SGD 800,000 respectively [14].

Group 1 - A 26-year-old heiress, Wang Kaily, is acquiring a publicly listed company, China New Retail Supply Chain Group Limited, for 2.23 billion HKD, which represents 75% of the company's total issued share capital [1][2] - The acquisition is facilitated by Wanjiang Capital Limited, which was established in the British Virgin Islands and is wholly owned by Wang Kaily [1] - Wang Kaily is the daughter of Wang Zhenhua, the founder of New城控股, and her involvement in this acquisition marks her emergence in the business world [2][3] Group 2 - Wang Kaily has an academic background with degrees from prestigious institutions, including a Bachelor's degree from Peking University and a Master's degree from the University of Sydney [3][4] - She has also co-founded a trendy toy company, Mitaki, which opened its first store in Changzhou in June this year [4] - The acquisition and her entrepreneurial ventures indicate a strategic move by the Wang family to diversify their business interests beyond real estate [1][4]