CH CITY INFRA (02349) has announced that on February 10, 2026, its wholly-owned subsidiary, Shenzhen Huafeng Infrastructure Investment Co., Ltd., intends to acquire a 60% equity stake in Shenzhen Zhilian Feichuang Technology Co., Ltd. from Qianhai Settlement Co., Ltd. The acquisition price is HK$3.3 million, which will be settled by issuing convertible bonds with a principal amount of HK$3.3 million to the seller or its nominee. The initial conversion price is set at HK$0.3 per share.

The primary business of the target company involves the deep integration of AI technology and Software-as-a-Service tools, providing efficient and intelligent decision support and business empowerment solutions for various organizations. Expanding into new business areas is expected to help the group diversify risks, explore new markets, increase revenue streams, and enhance corporate resilience and innovation capabilities. The company will also consider issuing share options to incentivize employees and management to actively improve the operational and financial performance of both the group and the target company.