Massimo Group has entered into a non-binding Letter of Intent to acquire 100% of the equity interests of FST Development Company Limited, a technology company specializing in intelligent hardware and AI-driven system-level solutions. The proposed transaction is expected to enable Massimo to expand its portfolio with advanced AI-powered mobility and health technology, leveraging FST’s expertise in medical-grade hardware and predictive health algorithms. The agreement includes a 60-day exclusivity period for due diligence and negotiation of definitive terms, with final agreements anticipated by late March 2026, subject to board approvals and other customary conditions. Any equity consideration for the acquisition will be subject to a six-month lock-up period after closing, with release contingent on post-acquisition performance milestones and successful integration of FST’s operations, at the discretion of Massimo Group’s CEO.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Massimo Group published the original content used to generate this news brief via PR Newswire (Ref. ID: CN77328) on February 03, 2026, and is solely responsible for the information contained therein.