ENVISION GREEN (01783.HK): Proposes RMB 380 Million Purchase of Over 100 NVIDIA Servers, Constituting a Very Substantial Acquisition

NewTimeSpace News: On 10 September 2026, Envision Greenwise Holdings Limited (stock code: 01783) announced that the Board approved the proposed acquisition under which the company's wholly owned subsidiary, Shanghai Youfu Cloud Computing Co., Ltd., will enter into a new server purchase agreement with vendor Shanghai Shunquan Technology Co., Ltd. to acquire over 100 high-performance servers supporting the group's cloud computing and intelligent computing service capabilities, being NVIDIA graphics processors used for intelligent computing services, at a total consideration of RMB 380.0 million (equivalent to approximately HKD 439.7 million), inclusive of tax. The vendor is ultimately controlled by Inventec Corporation, which is listed on the Taiwan Stock Exchange.

The consideration is payable in two installments: 20% (RMB 76.0 million) within 14 days after signing the agreement, and the remaining 80% (RMB 304.0 million) before delivery of the products, with products to be delivered within seven days after the vendor receives payment in full and a warranty period of 36 months. According to the announcement, the proposed acquisition would on a standalone basis constitute a major transaction, but when aggregated with the August server purchase and the intelligent computing business acquisition under Rule 14.22, the highest applicable percentage ratio exceeds 100%, constituting a very substantial acquisition subject to reporting, announcement, circular and shareholder approval requirements. An extraordinary general meeting will be convened to seek shareholder approval, and given the additional time needed to prepare the circular, it will be despatched no later than 2 October 2026.

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