On January 8, 2026 (after trading hours), the Company's subsidiary, Beijing Lajin Zhongbo Technology Co., Ltd. (the Target Company), entered into a non-legally binding memorandum of understanding with Kunming Zhenxiang Investment Co., Ltd. (the Subscriber).
The Subscriber intends to subscribe for 10.00% of the diluted equity interest in the Target Company (the Potential Subscription).
The Target Company is a company established under the laws of China, primarily engaged in the technology promotion and application services industry.
The Subscriber is a company established under the laws of China, primarily engaged in the business services industry.
The Potential Subscription involves the sale of a 10.00% diluted equity interest in the Target Company, which will enable the Group to realize cash proceeds and strengthen its cash flow position.
The Directors believe the transaction will enhance the Group's financial flexibility and allow it to allocate resources to potential investments and future business opportunities.
The Directors are of the view that, if the Potential Subscription is implemented, it will expand the Group's ability to seek growth, support sustainable development, and enhance the Group's overall competitiveness.
Furthermore, the Company's shares will continue to be suspended from trading.
