CHINA ITS (01900) subsidiary intends to subscribe for $5 million in Fund A shares.

CHINA ITS (01900) announced on November 5, 2025, that the subscriber (wholly-owned subsidiary Wyse International Limited) has committed to subscribe for A shares of the fund (HUA SHENG HENG XIN INVESTMENT FUND LIMITED) with a capital commitment of $5 million (equivalent to approximately RMB 35.45 million), subject to the terms and conditions of the private placement memorandum. The primary investment objective of the fund is to achieve capital appreciation through investments in a private company registered in the Cayman Islands (the target company) that is currently engaged in the development of brain-machine interface products. The group will subscribe to the fund for investment purposes. The directors believe that the subscription will provide the group with a balanced and diversified investment portfolio, as well as potential opportunities for capital appreciation.