Jiang Jianhui, Ren Guisheng and Yu Lixiong, Chinese residents made an offer to acquire an additional 25% stake in WINDMILL Group Limited (SEHK:1850) for HKD 66.7 million on August 19, 2021. Under the terms, offer price is set to HKD 0.3334 per share. Jiang Jianhui, Ren Guisheng and Yu Lixiong will acquire 200 million shares in the proportion of 40%, 18% and 42% respectively. Prior to the transaction, Jiang Jianhui held 30% stake, Yu Lixiong held 13.5% stake and Ren Guisheng held 31.5% stake. Jiang Jianhui, Ren Guisheng and Yu Lixiong intend to fund the consideration payable under the offer in full by a loan facility under the loan agreement. Following the close of the offer, it is the intention of Jiang Jianhui, Ren Guisheng and Yu Lixiong that WINDMILL Group will continue with its existing principal activities. Jiang Jianhui, Ren Guisheng and Yu Lixiong have no intention to discontinue the employment of any employees of WINDMILL Group or change the composition of the Board. Jiang Jianhui, Ren Guisheng and Yu Lixiong intend to maintain the listing of the Shares on the Main Board on the Stock Exchange and will take appropriate steps. Jiang Jianhui, Ren Guisheng and Yu Lixiong do not intend to exercise or apply any right which may be available to them to acquire compulsorily any shares outstanding after the close of the Offer. Ma Ting Wai Barry will resign as executive Director of WINDMILL Group Limited and all other offices and positions held in the Group. The Offer is unconditional in all aspects when it is made and will not be conditional upon acceptances being received in respect of a minimum number of Shares or other conditions. The Independent Board Committee, comprising Chan Ming Fai, Pun Kin Wa, Tsang Man Biu and Lee Kwok Tung Loui has been formed to give recommendation to the shareholders of WINDMILL Group Limited. The offer will close on October 8, 2021. As of October 8, 2021, last date of acceptance was extended to October 11, 2021. Get Nice Capital Limited and Veda Capital Limited, acted as the joint financial advisers for the offerors. Larry Chan and Keith Ho of First Capital International Finance Limited acted as the Independent Financial advisors to the Independent Board Committee in respect of the Offer. Tricor Investor Services Limited acted as the registrar to WINDMILL Group Limited.