GON Technology Finalises 80% Equity Acquisition, Adds Target Company as Consolidated Subsidiary

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Qingdao Gon Technology Co., Ltd. (GON Technology) disclosed that completion of its previously announced acquisition has occurred on 14 October 2026. Following payment of the first instalment of the consideration and the requisite registration with China’s market regulation authority, GON Technology now holds legal and beneficial ownership of an 80% equity interest in the unnamed Target Company.

With control secured, the Target Company is classified as a non-wholly-owned subsidiary, and its financial results will be fully consolidated into GON Technology’s group accounts from the completion date. The deal was originally announced on 12 October 2026 as a discloseable transaction under Hong Kong listing rules.

The board, led by Chairman and Executive Director Mr. Wang Aiguo, confirmed that all procedural and regulatory conditions stipulated in the Equity Interest Acquisition Agreement have been satisfied, marking the formal closing of the transaction.

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