FAR INTL (FAR International Holdings Group Company Limited) has agreed to purchase 51 % of California-based COPE Services and Hyperlining, alongside a US$2.00 million subscription for new COPE shares, in a deal that could total up to US$79.91 million.

Key Transaction Terms • First-stage consideration: US$15.78 million, adjusted to US$13.70 million after deducting the capital investment and audit expenses. • Capital investment: US$2.00 million injected directly into COPE. • Additional consideration cap: Up to US$64.13 million for phased share increases (14 % in FY 2026, 15 % in FY 2027) and a final equity swap after FY 2029; settlement will be at least 50 % cash, with any share portion priced at a 15 % discount to the 60-day average. • Valuation-adjustment mechanism: Founders must compensate in cash or equity (max. 10 % per year) if combined pre-tax profit targets of US$8.00 million (FY 2025), US$12.00 million (FY 2026) and US$16.20 million (FY 2027) are missed.

Valuation & Financing • Independent valuer International Valuation Limited placed the market value of the 51 % stakes at US$16.87 million as of 31 Dec 2025. • FAR INTL will fund the deal with internal resources and/or bank facilities.

Financial Snapshot of Targets (FY 2025) • COPE: Revenue US$106.18 million, pre-tax profit US$8.01 million, net assets US$10.02 million. • Hyperlining: Revenue US$0.25 million, pre-tax profit US$0.03 million, net assets US$0.06 million.

Strategic Rationale Management expects the acquisition to add 2.2 million square feet of self-operated warehousing in the U.S., strengthen last-mile delivery, expand direct-customer business and support future supply-chain finance initiatives.

Shareholder Approval An extraordinary general meeting will be held on 27 Apr 2026 in Hangzhou. The register of members will close from 22 Apr to 27 Apr 2026. Completion remains subject to shareholder and regulatory approvals.