Wangsu Science & Technology: Plans to transfer 100% equity of Hong Kong Shenjia for $101,300.

Wangsu Technology announced that, in order to fulfill the post-delivery obligations stipulated in the previous equity transfer agreement and supplementary agreement for Cloudsway, the company's wholly-owned subsidiary, Hong Kong Wangsu, intends to transfer its 100% equity stake in Hong Kong Shenjia for $101,300 to its affiliated party, Cloudsway's wholly-owned subsidiary, HongKong Cloudsway. As of June 30, 2026, Hong Kong Shenjia's net assets attributable to the parent are $107,800, with an assessed value of $101,300. After the completion of this transaction, the company will no longer hold equity in Hong Kong Shenjia, and it will no longer be included in the scope of consolidated financial statements. Currently, the relevant agreement has not yet been signed.