NEXION TECH (08420) plans to sell its SaaS business.

NEXION TECH (08420) announced on December 22, 2025, that the company plans to sell all the equity of Big Focus and Rich Joy to Muhammad Ridzuan Gurbaksh Bin Abdullah for a total consideration of 500,000 Hong Kong dollars, to be paid in cash. It is reported that Giant Sure is a limited company registered in Hong Kong and a wholly-owned subsidiary of Big Focus, mainly engaged in investment holding; and HuNan LuJiang is a company registered in China and a wholly-owned subsidiary of Giant Sure, mainly engaged in SaaS business in China. Weifa is a limited company registered in Hong Kong and a wholly-owned subsidiary of Rich Joy, mainly engaged in investment holding; and Naixin is a company registered in China and a wholly-owned subsidiary of Weifa, mainly engaged in SaaS business in China. Considering the poor long-term performance and unfavorable prospects of the group's SaaS business, as evidenced by the financial information for the years 2023, 2024, and the nine months ending September 30, 2025, and in line with the strategy of reallocating resources to the core business of network security solutions and IT software business, the directors believe that the terms of the agreement are fair and reasonable, and the sale is in the overall interest of the company and shareholders.