Summary:

• HGH Holdings has completed its subscription for 135,000 new shares in Cool Farms Holding Pte. Ltd. for RMB 20 million, giving the Group a 13.5% equity stake and making Cool Farms an associate as of 8 January 2026​

• As part of completion, HGH entered into a shareholders’ agreement with Cool Farms and existing investors that embeds tag-along rights, allowing HGH and other minority shareholders to sell their shares on the same terms if any shareholder sells to a third-party buyer​

• The agreement also grants drag-along rights: after 18 months, any shareholder group holding at least 75% of Cool Farms’ shares can require the remaining shareholders to sell all their shares to a bona fide buyer at a price per share equal to or higher than the offered consideration, facilitating a clean exit in a future control transaction​

• The company said any future exercise of these rights will be subject to compliance with Catalist Rules, including further announcements and, where required, shareholder approval​