SMART FISH(00139) proposed to acquire a property in Futian District, Shenzhen with a subsidiary for 26 million yuan.

SMART FISH (00139) announced that on May 15, 2026 (after trading hours), the buyer, Daqi Culture (Shenzhen) Co., Ltd., and the seller, Yifeng Financial Limited (both are wholly-owned subsidiaries of the company) have entered into a sales agreement with Gaotianhao. According to this agreement, the seller agrees to sell and the buyer agrees to purchase the property for a total price of 26 million RMB, which will be offset against the seller's outstanding debts to the buyer on an equal basis. The property is a whole-floor property in a commercial building located in Futian District, Shenzhen, Guangdong Province, China, with a total area of approximately 987 square meters. Based on a market valuation, the property is estimated to be worth around 29.61 million RMB. The property is currently vacant. The buyer intends to use the property as an office for its own business development. The seller has promised to assist the buyer in obtaining the ownership certificate of the building within 5 years from the completion date. The directors believe that the acquisition presents an investment opportunity in the Chinese real estate market for the company. Considering the business development of the group, the directors believe that establishing relevant offices in mainland China would be beneficial for the group. Additionally, the group will benefit from the long-term appreciation of real estate prices in China. Furthermore, the directors note that the price will be paid by offsetting the outstanding debts, which means there will be no cash outflow for the group in relation to the acquisition. Considering the development needs of the group and the future long-term appreciation potential of the property, the directors believe that the acquisition is beneficial for the group. Taking all of the above into consideration, the directors believe that the terms of the acquisition are fair and reasonable, established on general commercial terms, and are in the overall interest of the company and its shareholders.