Zhong Ao Home Group Limited announced the immediate termination of its previously proposed major transaction involving the formation of a joint venture (JV) and the issue of convertible bonds under a specific mandate.

The JV Agreement, disclosed on 21 July 2026, was subject to a series of conditions precedent that had to be fulfilled by 30 September 2026. Zhong Ao Home’s prospective partner, New Trillion, conducted extensive due-diligence reviews—including assessments of the counterparty’s reorganisation progress, operational team set-up and future business development—but concluded that the required conditions would not be satisfied within the agreed timeline. Consequently, on 18 August 2026, New Trillion notified Ms. Tseung of its decision to terminate the JV Agreement with immediate effect.

The Board of Zhong Ao Home stated that ending the agreement will not exert a material adverse impact on the Group’s business, operations or financial position. In light of the termination, the company will no longer issue the previously proposed convertible bonds, no shareholder circular will be distributed, and an extraordinary general meeting (EGM) is no longer necessary.

The announcement was authorised for issue by Chairman and Executive Director Mr. Liu Jian on 18 August 2026.