Unisplendour Corporation(000938.SZ): Tsinghua Unigroup's stake in New H3C Technologies will increase to 82.8%

Unisplendour Corporation (000938.SZ) announced that the board of directors has approved the proposal regarding the acquisition of a portion of the minority shares held by investors in Xinhua SAN held by Tsinghua Unisplendour International and related-party transactions. On November 17, 2025, Tsinghua Unisplendour International and the investors respectively signed a Stock Purchase Agreement with HPE Cayman. Tsinghua Unisplendour International plans to acquire 174,500 shares of Xinhua SAN for a consideration of $128 million, representing approximately 1.80% of Xinhua SAN's shares, and the acquisition funds will come from the company's own funds or self-financing; Tsinghua Zhi Lian, CITIC FAMC, Chang Shi Zhi Hua, and Zhao Hua Xin Tong plan to acquire 333,000 shares, 257,200 shares, 93,100 shares, and 92,500 shares of Xinhua SAN, respectively, for a consideration of $260 million, $189 million, $68.4927 million, and $68.0791 million, representing approximately 3.64%, 2.65%, 0.96%, and 0.95% of Xinhua SAN's shares. Tsinghua Unisplendour International and the investors will acquire Xinhua SAN shares at a price of $735.99 per share. The transaction price is consistent with the pricing of the acquisition of 30% of Xinhua SAN shares as agreed in the revised and restated Put Option Exercise Stock Purchase Agreement signed in 2024 between Tsinghua Unisplendour International and HPE Cayman and Izar Holding Co., as well as the option exercise price agreed upon in the subsequent arrangements agreement. After the completion of the transaction, Tsinghua Unisplendour International's ownership of Xinhua SAN will increase from 81% to 82.80%, without resulting in any changes to the company's consolidated financial statements.