YUES INTL HLDG (01529) subsidiary intends to acquire 100% equity of Hangzhou Yixing Logistics Co., Ltd. for 10 million yuan.

YUES INTL HLDG (01529) announced that on April 13, 2026, the company's indirect wholly-owned subsidiary, Hangzhou Yaoshi Zhewang E-commerce Co., Ltd. (as the buyer), entered into a share transfer agreement with the independent third party, Mr. Zheng Jianqiang (as the seller). Under this agreement, the buyer agreed to acquire and the seller agreed to sell 100% equity of Hangzhou Yihang Logistics Co., Ltd. (the target company) for a price of RMB 10,000. The target company is mainly engaged in international freight forwarding services and some domestic transportation agency services, focusing on air freight and postal parcel businesses. The target company has established business relationships with clients in the air freight, cross-border logistics, and e-commerce logistics sectors. The directors believe that the acquisition will enable the group to leverage the target company's customer base, operational experience, and business credentials to enter related supply chains and promote the quality development of the group's logistics business. The acquisition also allows the group to acquire the target company at a nominal price. Taking into account the target company's negative audited book value and the distribution of liabilities and compensation arrangements under this agreement, the directors believe that the group's downside risk is manageable.