MTT GROUP (02350) terminates acquisition of Hong Kong Wisdom Wave Technology Limited Company.

MTT GROUP (02350) announced that, after careful consideration, the company has decided not to proceed with the acquisition of Hong Kong Wisdom Wave Technology Limited. On January 27, 2026 (after trading hours), the company and the seller reached a termination agreement through fair negotiations, to terminate the share purchase agreement and the proposed transactions under it, which will take effect from the termination date. Under the termination agreement, all obligations and liabilities under the share purchase agreement have been fully relieved, and the parties are no longer entitled to or liable for any rights or obligations under the share purchase agreement, which will no longer be performed. As of the date of this announcement, the Group has not paid the consideration to the seller. The company believes that the termination of the acquisition will not have a significant adverse impact on the financial condition and operations of the Group.