Lens Technology (06613) announced that on October 16, 2026, the company, as the buyer, entered into a share purchase agreement with Mr. Lu Songshou as the seller, PMG International, Yuanshi Technology, and Lu Shaohua regarding the purchase of a 59.7805% equity stake in PMG International Co., Ltd.
The company has conditionally agreed to acquire approximately 2.989 million ordinary shares of PMG International held by Mr. Lu Songshou, representing 59.7805% of PMG International's total issued share capital, for a consideration of US$25 million.
Upon completion of the acquisition, PMG International will become a controlling subsidiary of the company. Accordingly, the financial results of the target group will be consolidated into the company's financial statements.
Currently, the target group has completed the expansion of production capacity at the Songshan Lake park for AI server structural components and high-efficiency liquid cooling systems, and has passed factory inspections by leading domestic and international customers and obtained formal orders. It is now in the ramp-up phase of mass production.
The acquisition of the remaining 40.2195% equity interest in PMG International, including the transaction amount and transaction structure, will be subject to further negotiation among the relevant parties based on PMG International's actual operating conditions, audit and valuation results, and will be determined by both parties in a subsequent acquisition agreement. There is a certain degree of uncertainty, and the company will continue to disclose subsequent developments in accordance with regulations.
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