Proposed Transaction Expected to Strengthen Upstream Supply Control, Refine Product Mix, and Further Advance Vertical Integration Strategy
NINGDE, China, Dec. 30, 2025 — Oriental Rise Holdings Limited (“Oriental Rise” or the “Company”) (NASDAQ: ORIS), an integrated tea supplier in mainland China, today disclosed that it has signed a non-binding letter of intent (“LOI”) to purchase a controlling stake in Hubei Daguan Tea Industry Group Co., Ltd. (“Daguan Tea”), a prominent tea producer and processor headquartered in Yingshan County, Hubei Province.
The Company views the proposed transaction as strongly aligned with its long-term strategic goals, which center on bolstering control over key tea raw material resources and production capabilities, optimizing its cost structure, and advancing the development of higher-value tea products. Oriental Rise will perform comprehensive due diligence on Daguan Tea and, pending satisfactory findings, move forward with negotiations for a definitive transaction agreement. The LOI is non-binding, and the closing of any transaction is contingent upon due diligence, the execution of definitive agreements, and other standard conditions.
Daguan Tea is a well-established, vertically integrated tea company with operations covering tea cultivation, large-scale processing, product development, and brand management. It manages significant self-owned and operated tea plantation resources and maintains modern, automated production facilities that can manufacture a wide range of tea products, such as premium teas, bulk teas, and export-quality teas. Its production platform and product lineup exhibit scalability and standardization capabilities.
Strategically situated in a key tea-producing area of Hubei Province, Daguan Tea has built long-standing expertise in raw material sourcing, quality control, and efficient production. It has also established export channels and has a basis for further international market growth.
If completed, the Company anticipates the proposed transaction will deliver significant strategic advantages by combining Oriental Rise’s public company platform, capital market access, branding capabilities, and nationwide distribution network with Daguan Tea’s upstream resources and production strengths. Projected benefits include enhanced supply stability and quality control, a more advantageous product mix with greater exposure to higher-margin products, improved supply chain coordination, and increased operating leverage to support future growth efforts.
The proposed acquisition underscores Oriental Rise’s ongoing implementation of its vertical integration strategy. Management remains focused on selectively expanding across the tea value chain—from cultivation and processing to branding, distribution, and export—by integrating assets that offer long-term strategic value and operational synergies.
“We believe that securing upstream resources and production capacity is essential to enhancing long-term competitiveness and earnings quality in the tea industry,” stated Mr. Dezhi Liu, Chief Executive Officer of Oriental Rise. “Daguan Tea has established a solid foundation in tea plantation resources, scalable production, and product development. If successfully finalized, this transaction would further strengthen our supply chain, boost product differentiation, and support sustainable long-term value creation for our shareholders.”
About Oriental Rise Holdings Limited (NASDAQ: ORIS)
Oriental Rise Holding Limited is an integrated tea product supplier in mainland China. Its main tea products include (i) primarily processed tea, which consists of white tea and black tea, and (ii) refined white tea and black tea. The company’s business operations are vertically integrated, encompassing cultivation, tea leaf processing, and the sale of tea products to tea business operators (like wholesale distributors) and end-user retail customers in mainland China. It operates tea gardens in Zherong County, Ningde City, Fujian Province, mainland China. For additional information, visit the company’s website at .
Forward-Looking Statements
Certain statements in this announcement are forward-looking, including but not limited to those regarding the expected completion, timing, and size of the offering, as well as the intended use of offering proceeds. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events it believes may impact its financial condition, operating results, business strategy, and financial needs—including the expectation that the offering will be successfully completed. Investors can recognize these forward-looking statements through words or phrases like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or similar expressions. The Company is not obligated to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, unless required by law. While the Company believes the expectations in these forward-looking statements are reasonable, it cannot guarantee they will prove correct. The Company cautions investors that actual results may differ materially from anticipated results and encourages them to review other factors impacting future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
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Oriental Rise Holdings Limited
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