ENVISION GREEN (01783.HK): Subsidiary to Purchase High-Performance Servers for RMB 1.2884 Billion, Constituting a Major Transaction

NewTimeSpace News: Envision Greenwise Holdings Limited (stock code: 01783) issued a major transaction announcement stating that on 6 August 2026 (after trading hours), the purchaser (an indirect wholly-owned subsidiary of the Company established in China) entered into a server purchase agreement with the vendor, pursuant to which the purchaser agreed to acquire and the vendor agreed to sell high-performance servers supporting the Group's cloud computing and intelligent computing service capabilities, at a total consideration of RMB 1,288.4 million (equivalent to approximately HKD 1,488.5 million, inclusive of tax).

The announcement disclosed that the purchaser is Shanghai Youfu Cloud Computing Co., Ltd. , which is principally engaged in cloud computing and data centre related services, while the vendor is Shanghai Shunquan Technology Co., Ltd., which is principally engaged in the procurement and sales of high-performance servers and is ultimately controlled, according to information obtained by the Company, by Inventec Corporation, a company listed on the Taiwan Stock Exchange; the vendor and its ultimate beneficial owners are independent third parties. In respect of the consideration, 20% (i.e. RMB 257.7 million) is payable within 14 days after the signing of the agreement, and the remaining 80% (i.e. RMB 1,030.7 million) is payable before delivery of the products; the products are to be delivered to the designated location within 7 days after the vendor receives the full consideration, with a warranty period of 36 months commencing from the date of delivery, during which parts replacement will be provided free of charge.

In respect of the reasons for the transaction, the Group recently acquired the purchaser, and the target group, which is principally engaged in providing cloud computing capability services, marks the Group's strategic expansion of its business into the intelligent computing field. The announcement noted that the purchase is intended to support the cloud computing and intelligent computing service capabilities of the target group, including new customer contracts secured by the target group; by procuring high-performance servers to deploy intelligent data infrastructure, the Company aims to meet the growing market demand for intelligent computing services and enhance the Group's competitiveness in the intelligent computing era. The consideration was determined after arm's-length negotiations between the vendor and the purchaser, taking into account the prevailing market prices of servers with similar specifications, functions and performance. The directors consider the consideration to be fair and reasonable and on normal commercial terms, and that the purchase is in the overall interests of the Company and its shareholders.

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