Elitecon International Ltd — Others, 16-07-2025: Others

Elitecon International's Board has placed the proposed 100% acquisition of Prime Place Spices Trading LLC on hold. Due diligence revealed critical issues, including concerns over financial data integrity and asset quality documentation, which were not satisfactorily resolved. Consequently, the Share Purchase Agreement is now null and void, and the Extra Ordinary General Meeting (EGM) scheduled for August 06, 2025, to approve this acquisition is cancelled. The transaction may be reconsidered if the target provides satisfactory explanations by August 16, 2025, protecting shareholder interests from a high-risk deal.