VONGROUP (00318) intends to acquire 6.5% equity in Claman Global Limited for approximately 8.28 million Hong Kong dollars, increasing its stake to approximately 61.3%.

VONGROUP (00318) announced that on December 3, 2025, the buyer (a wholly-owned subsidiary of the company, VG Investment Assets Holdings Limited) intends to acquire approximately 6.5% of the equity of the target company (Claman Global Limited) from the seller (Wilhelm Soeharsono Budihardjo) for a consideration of HK$8.28 million. The company will issue and allot 17.4316 million consideration shares based on the general mandate to account for the payment. The company currently holds approximately 54.8% of the target company's equity. After the completion of the transaction, the company will hold approximately 61.3% of the target company's equity. The target company's main business is providing technology and artificial intelligence products and services, including but not limited to operating a multi-functional cloud platform for digital management, online registration, payment processing, ticket sales, access control management, and e-commerce. Its technology products and services have been used in international major sporting events, local sports activities, trade exhibitions, and live performances, covering both virtual and physical events. The target company is one of the market leaders in advanced technology innovation, with strong technology, research, and development capabilities. This acquisition allows the group to further maximize the economic benefits generated from holding equity in the target company and reflects the group's confidence in the target company's business development. The acquisition is part of the group's continuing growth strategy, seeking to enhance investment opportunities that strengthen the group's focus on the integration of technology and business processes, especially in financial technology, virtual technology, artificial intelligence, and commercial advanced technology solutions. The company expects to benefit from this acquisition by increasing its equity in the target company, such as: (a) the increasing public-facing activities involved in the target company's technology products and services, including various highly engaging activities, such as international major sporting events and live performances, as well as activities that have high digital technology requirements for event management; (b) the commercial value possessed by the target company's mature digital platforms with good performance history, which provide comprehensive technology services for large events, including registration, ticketing, access management, access control, and e-commerce; (c) the target company's innovative capabilities in its technology products and services; (d) the recognition gained by the target company's group as the exclusive registration and payment technology provider for major international events; (e) the financial performance of the target company; (f) the scalability and sustainability of the target company's business model as a digital platform; (g) the expected business growth prospects by the target company given the above factors; and (h) the synergistic benefits that the company and the target company expect to enhance, including cross-selling services, improving overall market supply, and enhancing operational efficiency. In addition, this acquisition provides the group with a great opportunity to increase its stake in the target company's technology sector, seize growth opportunities, and enhance the overall performance of the group.