Youngtimers AG (SWX:YTME) announced a preliminary intent to acquire C Capital from Adrian Cheng Chi-kong on July 15, 2024. The board of directors of Youngtimers AG, has approved an offer to purchase 100% of the ownership interest in C Capital and recommended the Transaction for the approval at a Youngtimers? extraordinary shareholders meeting to be conducted in September 2024.Upon approval and completion of the Transaction, Youngtimers AG will be renamed into C Capital AG, remain headquartered in Switzerland and will focus on investments in private equity and small/mid-cap listed equities in the more developed economies of East Asia and selectively in Europe. In a related transaction as of July 12, 2024, JAKOTA Index Portfolios Inc. has agreed to merge with C Capital, and expected to be completed by September 2024.Under the Contemplated Terms, upon approval and completion of the Transaction, C Capital will also own 100% ownership interest in JAKOTA Index Portfolios Inc, a New York and Tokyo based innovative index licensing and investment firm covering Japan, Korea and Taiwan (Ja-Ko-Ta) capital markets. C Capital?s co-founder Adrian Cheng will serve as the non-executive chairman of C Capital Group and pleased to be able to take C Capital's business to the next level, given the growing international demand for increased capital allocation to Japan, South Korea and Taiwan, and the endless investment opportunities in Hong Kong.

Completion of the Transaction is subject to execution of definitive agreements and customary conditions precedent including required corporate and regulatory approvals. Further information on the Transaction details and the date of the extraordinary shareholders meeting for Youngtimers AG will be published before or on July 31, 2024.