Ge Long Hui·2026-03-19 14:56Group 1 - The company announced a framework agreement on January 19, 2026, for the acquisition of DFS Cotai Limitada and related business assets from DFS Venture Singapore and DFS Group Limited, both ultimately owned by LVMH and the Mack family [1] - The estimated consideration for the acquisition is approximately $293,756,560, with adjustments based on final closing accounts [2] - The company will issue new H shares to Delphine SAS and Shoppers Holdings HK Limited as part of the subscription agreements, with Delphine SAS receiving up to 7,330,100 shares and Shoppers Holdings HK Limited receiving up to 4,637,400 shares [2][3] Group 2 - The total proceeds from the subscription matter are approximately HKD 690 million, which the company plans to use to strengthen its capital base and support the expansion and operational upgrades of its domestic and international businesses [4]