ZG Group — M&A Activity 2025

Feb 5, 2025

PHIP

	ZG Group (by way of a De-SPAC transaction involving Aquila Acquisition Corporation) - W
	YOU SHOULD READ THE WARNING IN THE DOCUMENT.

 

►	WARNING
►	THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
►	CONTENTS
►	EXPECTED TIMETABLE
►	SUMMARY
►	DEFINITIONS
►	GLOSSARY OF TECHNICAL TERMS
►	CORPORATE INFORMATION OF THE SUCCESSOR COMPANY
►	DIRECTORS AND PARTIES INVOLVED IN THE DE-SPAC TRANSACTION
►	FORWARD-LOOKING STATEMENTS
►	LETTER FROM THE AQUILA BOARD
►	IMPORTANT NOTICE TO AQUILA SHAREHOLDERS AND ACTIONS TO BE TAKEN
►	RISK FACTORS
►	HISTORY, REORGANIZATION AND CORPORATE STRUCTURE OF THE TARGET GROUP
►	CONTRACTUAL ARRANGEMENTS OF THE TARGET GROUP
►	BUSINESS OF THE TARGET GROUP
►	FINANCIAL INFORMATION OF THE TARGET GROUP
►	INDUSTRY OVERVIEW OF THE TARGET GROUP
►	REGULATIONS APPLICABLE TO THE TARGET GROUP'S BUSINESS AND OPERATIONS
►	RELATIONSHIP WITH THE CONTROLLING SHAREHOLDERS OF THE SUCCESSOR GROUP
►	SHARE CAPITAL
►	SUBSTANTIAL SHAREHOLDERS FOLLOWING THE DE-SPAC TRANSACTION
►	CONNECTED TRANSACTIONS
►	DIRECTORS AND SENIOR MANAGEMENT OF THE SUCCESSOR COMPANY
►	FUTURE PLANS AND USE OF PROCEEDS
►	WAIVERS FROM STRICT COMPLIANCE WITH THE LISTING RULES
►	APPENDIX I - ACCOUNTANTS' REPORT OF THE TARGET GROUP
►	APPENDIX II - FINANCIAL INFORMATION ON AQUILA
►	APPENDIX IIIA - UNAUDITED PRO FORMA FINANCIAL INFORMATION ON THE SUCCESSOR GROUP
►	APPENDIX IIIB - LOSS ESTIMATE OF THE TARGET GROUP
►	APPENDIX IV - TAXATION AND FOREIGN EXCHANGE
►	APPENDIX V - SUMMARY OF THE CONSTITUTION OF THE SUCCESSOR COMPANY AND CAYMAN ISLANDS COMPANY LAW
►	APPENDIX VI - SUMMARY OF THE AQUILA PRIVATE COMPANY MEMORANDUM AND ARTICLES
►	APPENDIX VII - STATUTORY AND GENERAL INFORMATION
►	APPENDIX VIII - INFORMATION ON THE SUCCESSOR COMPANY LISTED WARRANTS
►	APPENDIX IX - DOCUMENTS ON DISPLAY
►	NOTICE OF EXTRAORDINARY GENERAL MEETING