Goodbaby International Holdings Limited (GOODBABY INTL) released an update under Rule 3.8 of Hong Kong’s Takeovers Code linked to the planned privatisation by Crystal Aurora International Ltd. via a scheme of arrangement under section 86 of the Companies Act.

Key points:

• Option lapse and capital structure – On 30 September 2026, 150,000 share options carrying an exercise price of HK$0.485 per share expired. – Following the lapse, the company now has 1.67 billion shares in issue and 152.00 million outstanding share options. – Of the outstanding options, 91.22 million are held by “Offered Option Holders” who are entitled to participate in the related Share Option Offer.

• Option profile under the Share Option Offer The remaining 91.22 million options span seven grant dates (2018–2024) with exercise prices ranging from HK$0.485 to HK$5.122. “See-through” prices—reflecting option consideration—vary between HK$0.00001 and HK$1.015 per share. The largest tranche (55.52 million options) was granted on 2 July 2024 at an exercise price of HK$0.485 and carries a see-through price of HK$1.015.

• Privatisation process status The privatisation proposal and the accompanying Share Option Offer remain subject to satisfaction or waiver of scheme conditions. The scheme may or may not become effective. Stakeholders are reminded of disclosure obligations for dealings in the company’s relevant securities during the offer period as stipulated under Rule 22 of the Takeovers Code.

• Governance and responsibility statement The board, led by Chairman Song Zhenghuan, accepts full responsibility for the accuracy of the disclosed information and confirms that all statements are made after due and careful consideration.

Investors and option holders are urged to exercise caution when dealing in the company’s securities while the privatisation proposal remains pending.