J&T EXPRESS-W(01519): Intends to acquire equity in two non-wholly owned subsidiary companies.

J&T EXPRESS-W (01519) announced that on December 25, 2025, the seller, New Exploration Investment, Jet Global, Onwing Global, and the company entered into Share Transfer Agreement I, whereby Onwing Global (a subsidiary of the company) agreed to acquire and the seller and New Exploration Investment agreed to sell a total of approximately 36.99% (based on converted basis) of the shares of Jet Global for a maximum total consideration of USD 950 million. As of the date of this announcement, New Exploration Investment holds convertible notes that before conversion, indirectly own approximately 63.81% equity interest in Jet Global, or after the conversion, indirectly hold approximately 59.44% equity interest in Jet Global, which is a non-wholly owned subsidiary of the company. After the completion of the transfer of Jet Global, Jet Global will continue to be a subsidiary of the company, and Jet Global's financial performance will continue to be consolidated into the company's financial statements. On December 25, 2025, eWTP, JNT Express KSA, J&T KSA, and the company entered into Share Transfer Agreement II, whereby J&T KSA (a non-wholly owned subsidiary of the company) agreed to acquire and eWTP agreed to sell a total of approximately 46.55% of the shares of JNT Express KSA for a maximum total consideration of approximately USD 106 million. As of the date of this announcement, the company indirectly owns approximately 53.45% equity interest in JNT Express KSA, which is a non-wholly owned subsidiary of the company. After the completion of the transfer of JNT Express KSA, JNT Express KSA will be indirectly wholly owned by the company and will continue to be a subsidiary of the company, and the financial performance of JNT Express KSA will continue to be consolidated into the company's financial statements. The proposed transfers aim to optimize the company's capital structure and create more favorable conditions for its long-term development. Negotiations on the terms and conditions of each share transfer agreement (including payment terms) have been conducted considering the group's obligations related to Jet Global investor exit rights and eWTP exit rights, allowing the company to significantly extend the maturity of its main payment obligations to mitigate future cash settlement pressures and enhance the company's financial flexibility.