CHINA ITS (01900) Subsidiary to Subscribe $5 Million in Class A Shares of Fund

Stock News

Nov 05

On November 5, 2025, the subscriber (Vast International Limited, a wholly-owned subsidiary of CHINA ITS (01900)) committed to subscribe to Class A shares of HUA SHENG HENG XIN INVESTMENT FUND LIMITED with a capital commitment of $5 million (approximately RMB 35.45 million), subject to the terms and conditions of the private placement memorandum.

The fund's primary investment objective is capital appreciation through investing in a Cayman Islands-registered private company (the target company), which currently focuses on developing brain-computer interface products.

The group's subscription to the fund is for investment purposes. The board believes the subscription provides an opportunity to balance and diversify the group's investment portfolio while offering potential capital appreciation.

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