Vobile Group (03738) has announced that on October 9, 2026, the buyer, Vobile Investment Holdings Limited, a direct wholly-owned subsidiary of the company, intends to acquire the entire issued share capital of the target company from the seller, Ms. Li Ye, for a consideration of HK$75 million.

The consideration will be settled by the company at completion through the allotment and issue of a total of 20,547,900 consideration shares to the seller at an issue price of HK$3.65 per consideration share, credited as fully paid and free from any encumbrances.

The target company is Anqing International Limited, a limited company incorporated in Hong Kong on August 19, 2016.

The target company possesses independently developed AI video generation and digital watermarking technologies, and primarily provides video production tools to content creators and film and television studios through multi-agent collaboration technology. Its core product is the AI video generation platform, Dreamesh.

The target company holds independently developed AI video generation and digital watermarking technology capabilities and intellectual property, including its Dreamesh platform, which can integrate content protection functions into the generation process, and this can play a complementary role alongside the group's existing digital content asset protection business.

The acquisition enables the group to deeply integrate the target company's proprietary spatiotemporal compression technology and inference engineering capabilities with the AI computing power center and token factory that the group plans to build.

This is expected to accelerate the delivery and implementation of the AI film and television factory, reduce the computing power consumption cost of token generation, and apply these capabilities to the group's DreamMaker content creation customers and platform customers, thereby scaling up token production without increasing customized computing power costs and enhancing the overall gross profit margin of the business.

One of the conditions for completion is that each key employee of the target company must have entered into employment and restrictive covenant agreements, including non-competition, non-solicitation, and strict confidentiality commitments, with the buyer, the company, or its designated persons. This is expected to help retain key talent and facilitate the integration of the target company's business into the group.