MAXNERVA Technology Services Limited (MAXNERVA TECH) has appointed Ballas Capital Limited as the Independent Financial Adviser (IFA) to its Independent Board Committee (IBC) in connection with the mandatory conditional cash offer launched by Foxconn (Far East) Limited (the Offeror).

The engagement follows the joint announcement dated 27 July 2026, in which Foxconn (Far East) tabled a mandatory cash offer for all issued MAXNERVA TECH shares not already owned by the Offeror or its concert parties, together with a proposal to cancel all outstanding share options.

Key elements of the latest disclosure include: • IFA Appointment: Ballas Capital, licensed to conduct Type 1 (dealing in securities) and Type 6 (corporate finance advisory) activities under Hong Kong’s Securities and Futures Ordinance, will advise the IBC on the fairness and reasonableness of the share and option offers. • Regulatory Compliance: The IBC has approved the appointment under Rule 2.1 of the Hong Kong Takeovers Code. • Shareholder Communication: Ballas Capital’s opinion and the IBC’s recommendation will be incorporated into a composite offer document to be jointly dispatched to shareholders and optionholders. • Next Steps: Investors are urged to exercise caution when trading MAXNERVA TECH shares pending release of the composite document.

Corporate governance update: As of 17 September 2026 the board comprises two executive directors (Chairman Chang Chuan-Wang and Cheng Yee Pun), three non-executive directors, and three independent non-executive directors. The directors collectively accept full responsibility for the accuracy of the information disclosed.

This appointment marks a pivotal milestone in the ongoing take-private process, ensuring that independent shareholders and optionholders receive a professional, impartial assessment of Foxconn’s offer terms before making acceptance decisions.