Trigiant Group Limited (Trigiant) has entered into an equity trading contract to purchase 100% of Qinghai Zhongli Optical Fibre Technology Co., Ltd. for RMB 455.00 million (HKD 526.00 million). The deal, struck via a public auction on the Chongqing Assets and Equity Exchange, represents a RMB 310.00 million premium to the RMB 145.00 million minimum bid price and qualifies as a discloseable transaction under Hong Kong Listing Rules (5%–25% assets test), thus requiring no shareholder vote.

Key transaction terms • Financing: Entirely funded by Trigiant’s internal resources. • Payment structure: RMB 43.50 million deposit already paid; remaining RMB 411.50 million due within five working days of contract signing (20 September 2026). • Fees: Trigiant will pay a transaction service fee of approximately RMB 1.59 million (0.35% of consideration) to the exchange. • Additional undertakings: – Arrange full repayment of RMB 259.40 million in debt owed by the target to a related party of the vendor by 31 December 2026. – Post a RMB 15.00 million performance bond to ensure the Target’s 600-tonne Phase III optical-fibre-preform line starts production within six months of equity transfer registration; failure triggers forfeiture of the bond.

Target profile and financials Qinghai Zhongli operates a plant in Xining, Qinghai Province, producing optical-fibre preforms, fibres and connectors. Existing Phases I and II provide 400 tonnes of annual preform capacity; Phase III (600 tonnes) is slated to come online within six months post-completion, lifting total capacity to 1,000 tonnes.

Audited figures (RMB): • 1H 2026 – Revenue 169.10 million; Net profit 70.57 million; Total assets 500.63 million; Net assets 58.30 million. • FY 2025 – Revenue 72.88 million; Net loss 56.24 million; Net liabilities 17.10 million. • FY 2024 – Revenue 59.73 million; Net loss 488.59 million; Net assets 36.40 million.

Strategic rationale The acquisition integrates upstream optical-fibre-preform production into Trigiant’s portfolio of feeder cables, optical-fibre cables and related telecom components. Management expects the deal to: 1. Secure a stable supply of preforms—critical raw material for Trigiant’s fibre and cable lines. 2. Expand Trigiant’s presence across the optical-communications value chain. 3. Generate operating synergies by combining Zhongli’s 1,000-tonne preform capability with Trigiant’s existing manufacturing footprint and customer network.

Completion timeline Both parties target completion of equity transfer registration within two working days after the balance payment is made. Upon closing, Qinghai Zhongli and its wholly owned R&D subsidiary will become indirect wholly owned units of Trigiant.