Gelonghui, January 10 | Qianbaidu (01028.HK) announced that at 4:00 p.m. on the first deadline, the offeror had received valid acceptance for the 608 million shares under the offer (accounting for about 29.25% of all issued shares on the date of this joint announcement).
The shares accepted, together with the shares owned by Ms Cheng Xuanxuan (through the Offeror), Mr Chen Yixi (through Hongguo), Mr Wu Guangze (personally and through CCM II) and Ms Duan Wei (through Wise Orient) before or during the offer, totaled 1,146 million shares at the date of this Joint Announcement, accounting for more than 55.17% of the total number of issued shares, not 58.45%.
Since the conditions for acceptance have not yet been met, the offer has not yet become unconditional. Once the conditions have been met or waived, the offer becomes unconditional and may be declared unconditional.