On March 16, 2026, Hong Kong Oriental Yuhong Investment Company Limited, a wholly owned subsidiary of OYH, entered into a Share Purchase Agreement with Aliaxis Group SA and certain individual sellers to acquire 100% of the equity interest in The Universal Hardware & Plastic Factory Limited (“Universal Hardware”).

The proposed consideration is approximately HK$164.10 million, equivalent to approximately RMB144.76 million, and remains subject to adjustment based on the target company’s net cash balance and working capital balance at closing. Upon completion, Universal Hardware will become a wholly owned subsidiary of Hong Kong Oriental Yuhong Investment Company Limited. The proposed transaction remains subject to the relevant approval and filing procedures. 

Universal Hardware is a well-known supplier of plastic piping systems in Hong Kong, with strong brand recognition and channel advantages in Hong Kong and Guangdong. Its business also demonstrates strong synergy with OYH’s core product categories. 

As an important gateway connecting Mainland China with international markets, Hong Kong offers strategic value for business expansion across the region. By leveraging Universal Hardware’s established market presence in Hong Kong, OYH is expected to further strengthen its position in the local market and support broader expansion into overseas piping markets. 

The proposed acquisition marks another step in OYH’s internationalization strategy and is expected to enhance the Company’s overseas business layout, international competitiveness, and brand influence.