Alpha Professional Holdings Limited (Stock Code: 00948) has established Shenzhen Alpha Zhihe Electrical Equipment Co., Ltd. as a joint venture to expand into elevator installation, repair and maintenance services on the mainland.

The JV was created on 28 May 2026 by Alpha Professional’s indirect wholly owned unit, Shenzhen Alpha Business Administration Co., Ltd. (“the Subsidiary”), together with Shenzhen Huadun Cloud Technology Co., Ltd. and Shenzhen Zhihe Anxin Consultancy Centre (Limited Partnership).

Shareholding and capital • Registered capital: RMB20.00 million (approx. HK$23.10 million). • Ownership split: Subsidiary 85%, Zhihe Consultancy 10%, Shenzhen Huadun 5%. • Capital commitments: – Subsidiary: RMB17.00 million (HK$19.64 million) by 31 May 2028, funded through internal resources and/or borrowings. – Shenzhen Huadun: RMB1.00 million (HK$1.16 million) by 31 July 2026. – Zhihe Consultancy: RMB2.00 million (HK$2.31 million) by 31 July 2026.

Governance and consolidation The JV board will comprise five directors—three nominated by the Subsidiary and one each by the two minority partners. Decisions require a majority vote, with the chairman elected at shareholder meetings. Given its 85% stake, Alpha Professional expects to consolidate the JV’s financials.

Strategic rationale Alpha Professional—currently focused on milk products trading and warehouse logistics and cleaning services—launched its own cleaning business in September 2025 as a gateway into wider facilities management. Management views the elevator services JV as a logical extension that should strengthen market presence and diversify revenue streams.

Regulatory status The transaction’s highest applicable percentage ratio under Hong Kong Listing Rule 14.07 exceeds 5% but is below 25%, classifying it as a discloseable transaction. Consequently, it requires public notification and announcement but not shareholder approval.