NEWLINK TECH (09600) has signed a memorandum of understanding to acquire all shares of HK Ant Global Investment Co., Limited.

NEWLINK TECH (09600) announced that on May 22, 2026 (after market close), the company entered into a memorandum of understanding with HK Ant Global Investment Co., Limited (the target company), Silicon Base Technology Limited (Silicon Base), and Ant Global Investment Co., Ltd (Ant Global, collectively with Silicon Base referred to as the target company shareholders), as well as the beneficial owners of the target company, Ms. Qu Zhaojuan and Ms. Yuan Xiaona (collectively referred to as the beneficial owners of the target company), regarding the intention to acquire the equity of the target company. According to the memorandum, the company intends to acquire all the shares of the target company through a combination of cash and issuance of shares (the acquisition), with the specific acquisition method subject to the provisions of the final transaction documents. After the signing of the memorandum, the target company and the performance commitment party will fully cooperate with the company in conducting due diligence and other necessary work for the acquisition. The estimated consideration for the acquisition is not more than HK$100 million, with the final consideration subject to the amount agreed upon by both parties after the company has completed due diligence, audit, and evaluation. The target company shareholders and the beneficial owners of the target company will make performance commitments to the company based on the audited cumulative net profit and operating cash flow of the target company during the performance commitment period. According to the memorandum, the company has an exclusivity period from the date of signing the memorandum to the date of signing the acquisition agreement or the ninetieth day after the date of signing the memorandum (whichever is earlier). Except for provisions related to exclusivity, confidentiality, cost allocation, applicable law and dispute resolution, and the legal effect of the memorandum, the other provisions of the memorandum are not binding. The group has long been focusing on the research and development and scenario-based implementation of cutting-edge technologies such as artificial intelligence and big data analysis, aiming to provide high-value IT solutions and professional services to key industries such as finance, healthcare, transportation, logistics, and general industries. The target company and its subsidiaries (referred to as the target group) are dedicated to providing performance-driven marketing solutions for global business growth with AI data analysis as the engine. The group intends to further deepen the application of cutting-edge technologies such as artificial intelligence and big data analysis in specific industries and general industry customers through the acquisition of the target group, providing high-value solutions and services that can help customers increase sales revenue and profitability, thereby extending the service chain of the group's IT solutions and increasing customer stickiness, with the potential for synergies with the group's existing business.