Hillstone Technology: Intends to sell 51% equity in Hillstone India, with a total transaction price of 461 million yuan.

Qiu Tai Technology announced on the Hong Kong Stock Exchange that Qiu Tai in India and selling shareholders have signed a legally binding term sheet with Dixon. According to this, Dixon has conditionally agreed to acquire a total of 51% of the paid-up capital of Qiu Tai in India through share purchase and subscription transactions. The total consideration for the proposed transaction is tentatively agreed to be 5,530,000,000 Indian rupees, including a consideration of 4,280,000,000 Indian rupees for the share purchase transaction and a consideration of 1,250,000,000 Indian rupees for the share subscription transaction. The total consideration is approximately 15.5 times the post-tax profit of Qiu Tai in India.