Brightstar Technology Group Co., Ltd. (Stock Code: 8446) announced a major transaction involving the conditional disposal of 100% of the issued shares in Anxu Technology Limited for a total consideration of HK$110,000,000. According to the announcement, the buyer is Syno Strategy Ltd, which is wholly owned by an independent third party.

Upon completion, Anxu Technology Limited and its subsidiaries will no longer be part of the seller’s consolidated statements. Under GEM Listing Rules, the transaction falls within the category of a major transaction—exceeding 25% but below 75% in the applicable percentage ratio—requiring notification, announcement, circular, and shareholders’ approval. An extraordinary general meeting will be convened for shareholders to vote on the relevant resolution(s).

The consolidated financial information of the disposed group showed net asset values of HK$161.6 million, HK$149.3 million, and HK$153.2 million for the years ended 31 December 2023 and 2024 and for the six months ended 30 June 2025, respectively. The group expects an unaudited gain of approximately HK$15.7 million from the disposal, subject to finalization. Net proceeds of approximately HK$109 million are intended as general working capital and for development of the remaining core visual display solutions business in Hong Kong, Macau, and the PRC. The completion of the disposal remains subject to fulfillment of all conditions precedent, including shareholders’ approval. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the company.