WS-SK TARGET(08427) plans to acquire 1% of the registered share capital of Shenzhen Wanshun Call Car Cloud Information Technology for HK$34 million.

WS-SK TARGET (08427) announced that, following the termination of the previous acquisition, the company is in further discussions with the seller and adjusting the cooperation strategy with the seller and the target company. On December 28, 2025, the seller (Wanshun Technology Industrial Group Limited), the target company (Shenzhen Wanshun Ride-hailing Cloud Information Technology Co., Ltd.), and the buyer (Gallant Empire Limited, wholly owned by the company) entered into a sale and purchase agreement. Under this agreement, the buyer agreed to purchase and the seller agreed to sell the sales capital (1% of the target company's registered capital) for a total price of HK$34 million, to be settled through the issuance of promissory notes. The target company is a limited company established in China, mainly engaged in operating a ride-hailing platform. The directors believe that the acquisition is in the overall interest of the company and its shareholders. The acquisition not only provides a strategic entry point into the high-growth ride-hailing industry but also aligns with the company's long-term goals of diversification, innovation, and value creation.