Jin Rong Jie·2026-01-04 06:28Group 1 - The company, Chow Tai Fook (00659.HK), announced the completion of Phase 1 for the acquisition of uSmart Inlet Group Ltd and Smart Enterprises Ltd, but the agreements for Phase 2 have become invalid due to unmet conditions by December 31, 2025 [1] - Despite the invalidation of the agreements, the company retains approximately 13.05% equity in the target companies and will account for their financial performance as associates under the equity method [1] - The company will continue discussions with the relevant parties regarding the next steps following the invalidation of the agreements and will assess other potential collaborations or arrangements [1] Group 2 - The board believes that the failure of the Phase 2 transactions under the agreements will not have any significant adverse impact on the company's business, operations, or financial condition [2]