WEBX INTL HLDGS (08521) subsidiary enters into a strategic cooperation agreement with Pansemi

WEBX INTL HLDGS (08521) announced that on October 21, 2025, its wholly-owned subsidiary Zhiyun Kuangshi Limited entered into a strategic cooperation agreement with Pansemi (Singapore) Pte. Ltd (Pansemi) to collaborate on the supply and operation of computing power for cloud computing and internet traffic services. Under the strategic cooperation agreement, the subsidiary agreed to prioritize the purchase of computing power in batches from Pansemi, or designate specified affiliate personnel to purchase computing power for its cloud computing and internet traffic services business, on the condition that the terms are similar to those of other service providers. Pansemi is required to treat the subsidiary as a strategic core customer and prioritize the subsidiary's procurement needs. The expected total purchase amount will reach 30 million Hong Kong dollars, and the services will be delivered to the group within 24 months from the effective date of the strategic cooperation agreement. The directors believe that the strategic cooperation will benefit the group's overseas business expansion and align with the group's long-term development goals and business development strategy. Through bulk purchasing of computing power, the group will be able to negotiate better business terms with the seller, reduce overall costs, and stabilize the supply of its basic computational infrastructure. This will enable the group to sustainably provide reliable and high-quality services, and expand its range of services. Therefore, the directors believe that the strategic cooperation is in the overall interest of the company and its shareholders.