Luxshare Precision Limited made an offer to acquire 25.3% stake in Time Interconnect Technology Limited (SEHK:1729) for HKD 440 million on February 11, 2022. Under the term the offer price is HKD 0.8 per share. Payment in cash in respect of acceptances of the Offers will be made as soon as possible but in any event within seven Business Days following the date of receipt of a duly completed and valid acceptance of the Offer.

The Offeror will not increase the Share Offer Price. The Offeror intends to finance the total consideration of the Acquisition and the Offers of HKD 1,592,998,400, being the aggregate sum of the Acquisition and the Offers by internal resources. The Offers, if and when made, will be unconditional in all respects and will not be conditional upon acceptances being received in respect of a minimum number of Shares or any other .The long stop date is June 30, 2022 .

China International Capital Corporation Hong Kong Securities Limited acted as financial advisor to Luxshare Precision Limited. Asian Capital Limited acted as financial advisor to Time Interconnect Technology Limited. Joey Chau of Kirkland Represents CICC on Luxshare Precision's Takeover Offer for Time Interconnect