Time Interconnect Technology Limited (1729) announced the completion of a major transaction involving the entire issued share capital of Dejinchang Investment Limited (together with its subsidiaries, the Target Group). According to the announcement, all conditions precedent under the sale and purchase agreement were satisfied, and completion took place on 3 December 2025.

Part of the consideration will be settled through the allotment and issuance of 21,733,404 consideration shares, calculated based on the average closing price over the 30 consecutive trading days immediately before 3 December 2025. The allotment price is HK$15.184 per share, representing approximately 1.11% of the issued share capital prior to completion and around 1.10% after the allotment. Following completion, Dejinchang Investment Limited is now fully owned by Time Interconnect Technology Limited, and the Target Group’s financial results will be consolidated into the Group’s financial statements.

The shareholding structure has been updated to reflect the issuance of new consideration shares. Before completion, Time Interconnect Technology Limited had a total of 1,959,309,000 shares outstanding. Immediately upon completion, the total increased to 1,981,042,404 shares. Key shareholders include Luxshare Precision Limited, holding around 69.69% post-completion, and the newly added shares allotted to the vendor, which represent approximately 1.10% of the company’s total issued share capital immediately after the transaction.