ZET Group Holdings (08370): Currently discussing potential acquisition with major shareholder Lai Ningning to expand data center business.

Smart Group Holdings (08370) announced that the company is in discussion with Mr. Lai Ningning (executive director and major shareholder of the company, with many years of experience and expertise in the data center industry) regarding the potential acquisition of a company controlled by Mr. Lai (potential target company). Based on the reasonable inquiries made by the board of directors, the potential target company has recently received a non-binding indication of interest from a Chinese e-commerce giant, which has launched its own large-scale language model (LLM) and artificial intelligence (AI) computing power platform. The intention involves providing a total processing capacity of 60 megawatts at a data center service in Gu'an County, Hebei Province, China, of which the first 30 megawatts capacity must be delivered by the end of January 2027. The potential target company has identified a piece of land in Gu'an County, which is considered suitable for the construction of a data center to provide this service. The board believes that if the potential acquisition can be realized, it will align with the strategic development plan of the group's data center business. As of the date of this announcement, no agreement has been reached on any major terms of the potential acquisition, and the company has not entered into any final agreement regarding the potential acquisition.