Labixiaoxin Snacks Group Limited has agreed to acquire Qucloud AI HK Limited, a company incorporated in Hong Kong. The acquisition involves the transfer of 10,000 shares, representing the entire issued share capital of Qucloud AI HK Limited, from the vendor Qucloud AI. Inc., a company incorporated in the British Virgin Islands. As part of the deal, Labixiaoxin Snacks Group Limited will issue 20,834,480 new shares as consideration and a convertible bond with a conversion price of HK$4.62 per share. Completion of the acquisition will take place upon the transfer of the entire issued share capital of the target company to Labixiaoxin Snacks Group Limited or its nominee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Labixiaoxin Snacks Group Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260205-12017263), on February 05, 2026, and is solely responsible for the information contained therein.