The company and the offeror, Hong Kong Weive Software Co., Ltd., have jointly announced the execution of a share purchase agreement on May 25, 2026.

The agreement pertains to the sale and purchase of the sale shares, totaling 23.97 million shares, which represents approximately 74.91% of the total issued shares as of the agreement date and constitutes the seller's entire equity interest in the company.

The total cash consideration for the transaction is approximately HK$198.5 million.

Upon completion, the offeror will hold an interest in 23.97 million shares, equivalent to about 74.91% of the issued share capital.

In accordance with Rule 26.1 of the Takeovers Code, the offeror will be required to make an unconditional mandatory cash offer for all issued shares not already owned or agreed to be acquired by the offeror and its concert parties, following the completion of the first tranche sale.

The cash offer price is HK$8.323 per share.

This represents a discount of approximately 72.26% compared to the closing price of HK$30.00 per share on the Stock Exchange on the last trading day.

Furthermore, the company will apply to the Stock Exchange for the resumption of trading of its shares, effective from 9:00 a.m. on Friday, June 5, 2026.

As of the date of this joint announcement, the offeror is wholly owned by Sifang Weive.

Sifang Group is a China-based provider of big data and artificial intelligence products and services, offering software solutions covering data collection, storage, analysis, and visualization to clients in sectors such as government, energy, transportation, finance, and manufacturing across China, including Hong Kong.