ALLTRONICS-NEW (00833) announced that on August 20, 2025, the group completed the acquisition of all issued share capital of WinnerSky Technology Hong Kong Limited (the "Target Company") and the transfer of all existing shareholder loans owed by the Target Company to the seller, through an indirect wholly-owned subsidiary of the company, from Clearmoon International Limited (as seller, the "Seller") for a total consideration of RM4.3925 million (equivalent to approximately HK$8.14 million*). The total consideration was determined through fair negotiations between the parties with reference to the Target Company's net asset value and outstanding shareholder loans of RM1.377 million (equivalent to approximately HK$2.55 million*) (the "Acquisition").

The consideration was funded by the company's internal resources, and the board of directors expects that the Acquisition will not have any materially adverse impact on the group's financial position or operations. Upon completion, the Target Company and its wholly-owned subsidiary Winner Sky Technology Malaysia Sdn. Bhd. (incorporated in Malaysia) (collectively the "Target Group") will become indirect wholly-owned subsidiaries of the company, and the Target Group's financial results will be consolidated into the group's consolidated financial statements.

The Target Group's principal business involves the manufacturing, assembly and sale of electronic products, parts and components. The Target Group currently serves as a subcontractor for the group and operates a factory in Penang, Malaysia.

The board of directors believes that the Acquisition represents an important step in the group's strategic development, expanding its production facilities to other Asian countries to meet the evolving demands of customers. The group plans to build upon the Target Group's existing business operations to enhance management efficiency and integrate resources.

The group currently only has production facilities in China. The Acquisition will enable the group to have its own production facilities in Malaysia, thereby enhancing the flexibility of the group's production facilities and better serving customers.

Based on the above, the board of directors believes that the Acquisition is in the overall interests of the company and its shareholders and is consistent with the group's long-term strategic objectives. The group will continue to seek opportunities to diversify production facilities in other Asian countries.