GoFintech Quantum Terminates Planned Equity Investment After Conditions Precedent Lapse

Bulletin Express07-10

GoFintech Quantum Innovation Limited announced the termination of its investment agreement for the acquisition of and subscription for shares in an undisclosed target company, citing the non-fulfilment of agreed conditions precedent by the contractual deadline of 30 business days from signing.

The investment agreement, disclosed in voluntary announcements dated 30 April 2026 and 26 May 2026, required completion of an initial subscription stage before further steps could proceed. As the initial subscription was not consummated by the stipulated closing date, the board exercised its contractual right to end the transaction on 10 July 2026.

According to the filing, the board believes the cancellation will not exert any material adverse impact on the group’s overall operations or financial position.

The company’s board currently comprises one executive director (Chairlady Sun Qing), two non-executive directors (Dr. Nie Riming and Li Chunguang) and three independent non-executive directors (Chiu Kung Chik, Lui Mei Ka and Dr. Liang Jinxiang).

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