CSC Holdings (00235) announced that on September 25, 2025, the lead investor (Zhi Sheng Holdings Limited, a wholly-owned subsidiary of the company) entered into a share subscription agreement with AccX Limited (an independent third party). The lead investor will subscribe for 255,000 convertible preferred shares of the target company at a total consideration of approximately $4.3714 million (subject to adjustment if the lead investor does not accept the project progress), to be funded through the group's internal resources.

The target group primarily engages in providing digital payment services in Southeast Asia. The directors believe that the target company's management team possesses highly competitive fintech capabilities, resources, and extensive successful experience in mainland China, which can be applied to Southeast Asia.

Furthermore, the company's management is confident about the development potential of Southeast Asia's economy and payment services market, and believes that this transaction, as part of the group's financial business investment strategy, will help further diversify the group's business and expand into the Southeast Asian market, which is expected to generate additional revenue sources.

Management believes that this transaction can create strong synergies with the company's other acquisition of Citystate Savings Bank, Inc., and the target company's management team's excellent track record will help drive the digital transformation of Citystate Savings Bank, Inc.