Kinetic Development Group Limited — M&A Activity 2025

Jan 13, 2025

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

力量发展

KINETIC DEVELOPMENT GROUP

Kinetic Development Group Limited

力量發展集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1277)

DISCLOSABLE AND CONNECTED TRANSACTION

COMPLETION OF SEEDLIFE ACQUISITION

References are made to the announcements (the "Announcements") of Kinetic Development Group Limited (the "Company") dated 6 September 2024 and 12 November 2024 and the circular (the "Circular") of the Company dated 25 November 2024 on the Seedlife Acquisition. Unless otherwise stated, terms defined in the Announcements and the Circular shall have the same meanings when used in this announcement.

COMPLETION OF SEEDLIFE ACQUISITION

The Board is pleased to announce that the registration of the transfer of 100% equity interests of Seedlife to the Company through its Acquiring Affiliate has been completed, and the Closing of the Seedlife Acquisition has taken place on 13 January 2025.

Following the Closing, Seedlife has become an indirect wholly-owned subsidiary of the Group.

By Order of the Board

Kinetic Development Group Limited

Ju Wenzhong

Chairman and Executive Director

Hong Kong, 13 January 2025

As at the date of this announcement, the board of directors of the Company comprises seven directors, of whom three are executive directors, namely Mr. Ju Wenzhong (Chairman), Mr. Li Bo (Chief Executive Officer) and Mr. Ji Kunpeng; one is a non-executive director, namely Ms. Zhang Lin; and three are independent non-executive directors, namely Ms. Liu Peilian, Mr. Chen Liangnuan and Ms. Xue Hui.