PLUS GP HOLDING (02486) subsidiary intends to acquire the remaining 40% equity interest in Shanghai Subide and the remaining 40% equity interest in Shanghai Suditong.

PLUS GP HOLDING (02486) announced that on October 8, 2026, the Company's wholly-owned subsidiary Plus Shanghai and Ms. Wu Yunqiu entered into the equity transfer agreements, pursuant to which Plus Shanghai conditionally agreed to acquire, and Ms. Wu Yunqiu conditionally agreed to sell, a 40.0% equity interest in Shanghai Subide and a 40.0% equity interest in Shanghai Suditong, for cash considerations of RMB21.64 million and RMB19.24 million, respectively. As at the date of this announcement, Plus Shanghai held a 60.0% equity interest in Shanghai Subide and a 60.0% equity interest in Shanghai Suditong. Upon completion of the acquisitions, each of Shanghai Subide and Shanghai Suditong will be wholly-owned by Plus Shanghai. Accordingly, each of Shanghai Subide and Shanghai Suditong will become a wholly-owned subsidiary of the Company, and their financial results will continue to be consolidated into the Group's consolidated financial statements. Shanghai Subide and Shanghai Suditong are both non-wholly-owned subsidiaries of the Company and are principally engaged in the Group's O2O marketing business, with a particular focus on omnichannel operations management for the instant retail business. The Company is committed to becoming an AI-native enterprise in the sales and marketing field. Within the industry, the Company is one of the first companies to serve the broader sales and marketing market through a combined solution of "dedicated models for the sales and marketing field + enterprise-level intelligent agents." Leveraging this breakthrough, the Group has, through its subsidiaries, rapidly connected offline, O2O and online scenarios into an integrated network, thereby establishing comprehensive sales capabilities covering both online and offline channels. The O2O instant retail marketing business is an important part of the Group's overall strategy implementation. This business connects with mainstream instant retail platforms, enables the connection of offline terminal touchpoints with online platforms and private domains, and is also one of the main vehicles for the Group's sales data circulation and the expansion of its AI sales capabilities. The acquisitions will further enhance the Group's autonomy and synergy efficiency at the data, decision-making and strategy levels, creating more favorable conditions for the implementation of the Group's overall strategy. In addition, the acquisition of the remaining 40.0% equity interest in Shanghai Subide and the remaining 40.0% equity interest in Shanghai Suditong will enable the Group to consolidate its ownership and control over Shanghai Subide and Shanghai Suditong, thereby facilitating more effective integration of data, technology and commercial resources into the Group's overall AI ecosystem. Full ownership will also help the Group further enhance data security and compliance, improve data collection and conversion efficiency, accelerate independent decision-making and execution, and strengthen the strategic synergies among the Group's data, algorithms and AI models. This will help the Group better capture the long-term strategic and commercial value of Shanghai Subide and Shanghai Suditong, and support the sustainable development and long-term interests of the Group's AI ecosystem.