MeiG Smart Technology Co., Ltd. has called an annual general meeting (AGM) for 16 June 2026 to approve a discloseable transaction whereby its wholly owned subsidiary ZhongGe Smart Technology (Shanghai) Co., Ltd. will purchase 100% of Huixin Property Management (Shanghai) Co., Ltd. from Minhang Investment for up to RMB285.49 million.

The deal structure combines an equity payment of no more than RMB85.99 million with the assumption of Huixin’s outstanding bank and related-party loans of RMB199.50 million, aligning the total consideration with the ceiling announced. Funds will be sourced from ZhongGe Smart’s internal resources and/or bank financing; no H-share proceeds will be used.

Huixin’s sole asset is the Target Property—floors 2 to 7 of Building 1, No. 2337 Gudai Road, Minhang District, Shanghai—providing 15,369.58 sq m of office space. An independent valuation by Yinxin Assets Appraisal, based on a cost approach as at 31 December 2025, set Huixin’s shareholders’ equity at RMB109.58 million, an 8.60% premium to its audited book value of RMB100.90 million.

Financially, Huixin recorded audited net losses of RMB11.46 million in 2024 and RMB155.17 million in 2025, driven mainly by interest expense and depreciation related to the property. As at year-end 2025, the company’s total assets stood at RMB307.49 million against liabilities of RMB206.59 million.

MeiG Smart, a Shenzhen-based wireless communication module provider, intends to use the acquisition to secure a permanent R&D and office hub in Shanghai, replacing leased premises and supporting future expansion. Post-completion, Huixin will become an indirect wholly owned subsidiary, and its results will be consolidated into MeiG Smart’s financial statements.

Shareholders registered as of 16 June 2026 can vote at the AGM. Proxy forms must be lodged with Computershare Hong Kong Investor Services by 3:00 p.m. on 15 June 2026.