China Frontier Technology Group has entered into a sales and purchase agreement with Crestwell International Limited for the disposal of its wholly-owned subsidiary, Torch Media Co., Ltd., along with the assignment of a prepayment related to equipment procurement. Under the terms of the agreement, Crestwell International Limited will acquire the entire issued shares of Torch Media Co., Ltd. for a consideration of HK$8 million in cash, payable upon completion. The agreement also includes the assignment of a prepayment of RMB96,230,400 from Super Intelligent Technology Holdings (Shenzhen) Co., Ltd. to Shenzhen Qianke Innovation Intelligent (Shenzhen) Co., Ltd., a subsidiary of the group. Completion of the transaction is subject to several conditions, including the Target Company holding an indirect 100% equity interest in Frontier Artificial Intelligence (Shenzhen) Co., Ltd. The completion date is set for 25 December 2025, or a later date as agreed by the parties.

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