SIPAI HEALTH (00314) acquires a 90% indirect equity interest in a licensed insurance brokerage company.

SIPAI HEALTH (00314) announces that, with the Company as buyer, it has completed the acquisition of a controlling interest in a Hong Kong-licensed insurance brokerage company pursuant to the terms set out in a share purchase agreement (the Share Purchase Agreement) entered into on September 1, 2026 with Mr. Zeng Hanqiang (the seller) and other parties. The Company acquired, and the seller sold, 45,000 ordinary shares of Star Intelligent Limited (Star Intelligent), representing 90% of its issued share capital (the Acquisition). Star Intelligent holds the entire issued share capital of Zheng Hao Asia Limited, a licensed insurance brokerage company regulated by the Hong Kong Insurance Authority (IA). The Acquisition was completed on October 16, 2026, and the Company now holds a 90% equity interest in Zheng Hao Asia Limited through Star Intelligent. Pursuant to the Share Purchase Agreement, the total consideration for the Acquisition is approximately HK$3 million. Through the Acquisition, the Company's ability to provide overseas insurance and reinsurance services will be further enhanced. Leveraging Hong Kong's mature insurance market environment and G-RESOURCES, the Company will further strengthen its ties with overseas insurers, reinsurers and professional institutions, expand its overseas reinsurance and cross-border insurance business, unlock broader underwriting capacity offered by insurers and reinsurers, and develop risk solutions in areas such as large commercial risks, special risks and professional insurance business, thereby continuously enhancing its comprehensive service capabilities. With technological advances and climate change, various emerging risks are bringing new challenges to the industry. The Company is committed to building "technology + reinsurance" product innovation capabilities and enhancing its product pricing and risk solution capabilities. At the same time, the acquired Hong Kong insurance brokerage company will become an important bridge for the Company connecting the Chinese market with overseas insurance markets. As more and more Chinese enterprises accelerate their overseas expansion, the Company will further integrate domestic and international insurance resources to provide customers with more comprehensive insurance protection and risk management support in scenarios such as overseas investment, plant establishment, engineering construction, cross-border operations and employee protection, thereby gradually developing cross-border service capabilities characterized by "serving domestic customers, coordinating overseas resources and connecting international markets."