CHINASOFT INT'L (00354.HK): Chinasoft Xi'an to Acquire 29.68% of Hangzhou Jingwei for RMB 944 Million

NewTimeSpace News: On 16 September 2026, Chinasoft International Limited (stock code: 00354) announced that its indirectly wholly-owned subsidiary, Chinasoft International (Xi'an) Intelligent Technology Co., Ltd., as buyer, entered into a share transfer agreement with Ye Xiaohua, the actual controller of the target company, and vendors including Hangzhou Yisheng Investment Management Partnership (Limited Partnership), Hangzhou Dianli Investment Management Partnership (Limited Partnership), Hangzhou Dingsheng Investment Management Partnership (Limited Partnership) and Hangzhou Juhua Technology Co., Ltd., to acquire an aggregate of 17,806,240 A shares of Hangzhou Jingwei Information Technology Co., Ltd. (301390.SZ), representing approximately 29.68% of the target company's total issued share capital, at RMB 53 per share, for a consideration of RMB 943,730,720, equivalent to approximately HK$ 1,094,688,226.

The consideration is payable in cash in four instalments of 20%, 30%, 45% (an aggregate of 95%) and 5% respectively. Upon completion, the buyer will become the controlling shareholder of the target company, which will become a non-wholly-owned subsidiary of the Company and whose financial results will be consolidated into the Company's audited financial statements. The target company's board will comprise seven directors, with the buyer entitled to nominate three non-independent director candidates and three independent director candidates, and the chairman to be a director nominated by the buyer.

The target company is principally engaged in integrated power services and integrated energy services centred on "PV, storage and charging". As at 30 June 2026, its total assets were approximately RMB 1.742 billion, net assets attributable to shareholders of the parent were approximately RMB 921 million, and it had no interest-bearing liabilities, with a debt-to-asset ratio of approximately 47.1%.

As one or more applicable percentage ratios exceed 5% but are below 25%, the acquisition constitutes a disclosable transaction under Chapter 14 of the Listing Rules and is subject to the reporting and announcement requirements, but is exempt from the circular and shareholders' approval requirements. In accordance with the rules of the Shenzhen Stock Exchange, Chinasoft Xi'an has undertaken not to transfer the target shares within 60 months and not to pledge them within 36 months after completion.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.