HOPE LIFE International (01683) plans to acquire a 51% stake in Guangdong Chebada Holdings Group Limited.

HOPE LIFE INT (01683) announces that on February 3, 2026, the company entered into a memorandum of understanding with Shenzhen Yixin Investment Limited (the seller) to negotiate the possible acquisition of 51% equity interest in Guangdong Chebada Holdings Group Limited (the target company) under certain conditions. Once the final agreement is signed and the acquisition is completed by the company (or its wholly-owned subsidiary nominated by the company) and the seller, the financial performance of the target company will be consolidated into the company's financial statements. The target company is a joint venture of the seller and is an emerging enterprise focusing on intelligent self-service car washing. It has developed into a leading domestic car digital life service platform driven by data, with a mission to make every trip smarter, more sustainable, and warmer. As a key supported enterprise of Longhua District government in Shenzhen, the target company actively participates in urban public service infrastructure construction, promotes industry standard setting, and industrial upgrading. Currently, the group has successfully expanded the "smart car wash + public service integrated services" model to 67 cities including Nanjing, Suzhou, Nantong, Wuhu, Hefei, Hangzhou, Chongqing, Chengdu, responding to the local government's investment attraction and smart city construction needs, achieving mutual empowerment of enterprise growth and regional development. The board of directors believes that the potential acquisition aligns with the group's investment strategy and is expected to strengthen the company's existing business. The board of directors believes that the potential acquisition, if finalized, will bring new revenue sources to the company immediately and further enhance its revenue and customer base, thereby serving the overall interests of the company and its shareholders.