BRIGHTSTAR TECH (08446) plans to acquire the equity of Ganzhou Zumensi through capital injection or transfer of equity.

BRIGHTSTAR TECH (08446) announced on September 25, 2024, that the company has entered into a memorandum of understanding with Ganzhou Zumengsi Sports Goods Co., Ltd. (Ganzhou Zumengsi), in which the company plans to acquire the equity of Ganzhou Zumengsi through capital injection or equity transfer (proposed acquisition). The Board believes that once the proposed transaction under the memorandum of understanding is implemented, it will further expand the application of the Group's sports technology and apply this technology to the sports health industry, bringing diversified sources of income to the Group. Therefore, the proposed transaction under the memorandum of understanding aligns with the overall interests of the company and its shareholders.