Tangshan Guokong Science and Technology Innovation Investment Group Co., Limited agreed to acquire China Titans Energy Technology Group Co., Limited (SEHK:2188) for approximately HKD 310 million on May 24, 2023. Under the terms, 566,970,000 will be acquired HKD 0.34 per share in cash will be paid under the consideration. Consideration will be financed from own resources. Offer is from May 24, 2026 to June 28, 2023. Guotai Junan Capital Limited acted as financial advisor and Guotai Junan Securities (Hong Kong) Limited as offer agent to Tangshan Guokong Science.

Tangshan Guokong Science and Technology Innovation Investment Group Co., Limited cancelled the acquisition of China Titans Energy Technology Group Co., Limited (SEHK:2188) on June 14, 2023. As the Acceptance Condition has not been fulfilled. on the First Closing Date, the Share Offer has not become unconditional as on the date of this joint announcement. The Offeror announces that there will be no extension or revision of the Offers. Tangshan Guokong Science and Technology Innovation Investment Group Co., Limited further announces that, on 14 June 2023, Tangshan Guokong Science and Technology Innovation Investment Group Co., Limited have been closed for acceptance and have lapsed. As the Offers have lapsed, the Acceptance Shares will not be acquired by Tangshan Guokong Science and Technology Innovation Investment Group Co., Limited. The Offer Shareholders who have tendered the Acceptance Shares will therefore not be entitled to receive any consideration.