Newlink Technology Calls Off Planned Acquisition of HK Ant Global Investment Subsidiary

Bulletin Express09-18 20:42

Newlink Technology Inc. (Newlink Technology) announced that it has formally terminated the memorandum of intent signed in May 2026 to acquire 100% equity of HK Ant Global Investment Co., Limited (the “Target Company”).

The company, together with the Target Company, its shareholders—Silicon Base Technology Limited and Ant Global Investment Co., Ltd—and the Target Company’s beneficial owners, Ms. Qu Zhaojuan and Ms. Yuan Xiaona, executed a Termination Agreement on 18 September 2026 after trading hours. The agreement cancels the proposed transaction with immediate effect, and no party will pay compensation or assume legal liability arising from the cancellation.

Management stated that ending the memorandum and the related acquisition will not exert a material adverse impact on the Group’s financial position or business operations and is considered to be in the overall interests of Newlink Technology and its shareholders.

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