MeiG Smart Technology (03268) plans to acquire 100% equity of Hui Xin Property and purchase a research and development office building in Shanghai.

MeiG Smart Technology (03268) announced that in order to further enhance the company's research and development innovation capabilities and overall competitiveness, improve the research and development office environment, attract more outstanding talents, and enhance the company's image, the company's wholly-owned subsidiary Zhongge Intelligent Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Zhongge Smart") intends to purchase a research and development office building in Shanghai through the acquisition of equity to meet the company's expansion needs and reserve sufficient research and development and office space for talent introduction and strategic development. After the approval of the board of directors, Zhongge Intelligent and Minhang Investment Property Limited (hereinafter referred to as "Minhang Investment") signed the "Equity Transfer Agreement of Huixin Property Management (Shanghai) Co., Ltd." on May 28, 2026 (hereinafter referred to as the "Signing Date"). Zhongge Intelligent intends to acquire 100% equity of Huixin Property Management held by Minhang Investment at a total transaction price not exceeding approximately RMB 285 million, and acquire ownership of a 15,369.58 square meters office building under Huixin Property through the acquisition of equity. This transaction still needs to be submitted to the company's shareholder meeting for approval, and the aforementioned equity transfer agreement will take effect after approval by the shareholder meeting.