Delay in Vinpai Majority Stake Acquisition by Camlin Fine Science Limited

Vinpai, a French company specializing in functional ingredients for the food and cosmetics industries, announced a delay in the acquisition of its majority stake by Camlin Fine Science Limited (CFSL). This acquisition, referred to as the Block Acquisition, has been postponed due to administrative formalities related to the issuance of newly ordinary shares of CFSL. These formalities, initially expected to conclude by April 2025, are now anticipated to be completed by the end of July.

Once completed, CFSL will convene its shareholders' meeting within 30 days, with the entire acquisition process expected to conclude by mid-September 2025. CFSL has also subscribed to Vinpai convertible bonds worth €3.3 million, with extensions agreed upon due to the delays in acquisition.