Robotechnik Intelligent Technology (03757) subsidiary intends to purchase a German property for EUR9.8 million.

Robotechnik Intelligent Technology (03757) announced that on October 27, 2026, the board resolved to approve the entry into a property acquisition agreement between FSG, a wholly-owned subsidiary of the Company (as purchaser), and Mato (as vendor), pursuant to which FSG intends to purchase and Mato intends to sell the properties for an aggregate consideration of EUR9.8 million. As at the date of this announcement, the property acquisition agreement has not yet been signed, and the Company will publish an announcement in due course upon entering into the definitive agreement. The properties: (a) an office building (im Finigen 3) located at Plot 260/5 and Plot 260/10, Section 2, Uesen district, Germany, with a total land area of 6,921 square meters; (b) a factory building (Rehland 8) located at Plot 260/24, Section 2, Uesen district, Germany, with a total land area of 7,280 square meters; and (c) development land (Rehland 10) located at Plot 260/26, Section 2, Uesen district, Germany, with a total land area of 2,443 square meters. The board believes that the proposed acquisition will facilitate the Group's business expansion and enhance long-term operational efficiency. FSG has been leasing the properties for many years, and therefore the properties are well suited to the Group's intended use. Ownership of the properties will provide FSG with a stable premises and eliminate the operational disruption risks associated with lease renewals, rent increases and potential relocation. This will also help ensure the continuity and stability of FSG's production and operations, and enable the Group to better formulate its long-term operational planning.