HOPE LIFE INT (01683) has announced that on February 3, 2026, the company entered into a memorandum of understanding with Shenzhen Yixin Investment Co., Ltd. (the seller). The parties agreed to negotiate the potential conditional acquisition by the company, and the potential conditional sale by the seller, of a 51% equity interest in Guangdong Chebada Holding Group Co., Ltd. (the target company).

Upon finalization and the execution of a definitive agreement between the company (or a wholly-owned subsidiary nominated by the company) and the seller, and following the completion of the potential acquisition, the financial performance of the target company will be consolidated into the company's financial statements. The target company is a joint venture of the seller, an emerging enterprise focused on intelligent self-service car washing, guided by the mission of "making every journey smarter, more sustainable, and warmer."

It has evolved into a leading, data-driven, and ecologically synergistic pan-automotive digital lifestyle service platform in China. As a key enterprise supported by the Longhua District Government in Shenzhen, the target company actively participates in the development of urban public service配套设施 and promotes the formulation of industry standards and industrial upgrading.

Currently, the group has successfully expanded its "smart car wash + public supporting integrated services" model to 67 cities, including Nanjing, Suzhou, Nantong, Wuhu, Hefei, Hangzhou, Chongqing, and Chengdu. This deeply responds to the needs of local governments for investment promotion and smart city construction, achieving mutual empowerment between corporate growth and regional development.

The Board of Directors believes that the potential acquisition aligns with the Group's investment strategy and is expected to consolidate the company's existing business. The Board considers that the potential acquisition, if finalized, will immediately provide the company with new revenue streams and could enable the company to further strengthen its revenue and customer base, thereby serving the overall interests of the company and its shareholders.