Automated Systems Holdings Limited (the Company, stock code: 771) released a supplemental announcement following its 9th January 2026 announcement regarding the provision of a guarantee. The update confirms that after completion of the i-Sprint Transaction, i-Sprint Holdings will remain an associate of the Company, with ASL Security maintaining its 35.42% equity interest in i-Sprint Holdings.
The proceeds from the i-Sprint Transaction are partly intended for the Proposed Share Repurchase, involving the repurchase of the entire equity interest in i-Sprint Holdings held by ASL Security. Preliminary agreement has been reached, and formal agreements are expected to be signed in the first quarter of 2026. Following completion, the Group will no longer hold any shares in i-Sprint Holdings.
The Proposed Share Repurchase may qualify as a notifiable transaction under the Listing Rules. Additional updates will be released if there are material developments. The announcement also advises shareholders and potential investors to exercise caution when dealing in the Company’s shares.