MOST KWAI CHUNG (01716) completes acquisition of 100% equity interest in Xiamen Wannianfeng Network Technology and 100% equity interest in Xiamen Zhousha Network Technology

MOST KWAI CHUNG (01716) announces that, in relation to the acquisition of 100% equity interest in Xiamen Wannianfeng Network Technology Co., Ltd. and 100% equity interest in Xiamen Zhousha Network Technology Co., Ltd., as the seller has completed registration with the relevant local branch of the State Administration for Market Regulation for the transfer of the Wannianfeng Sale Interest and the Zhousha Sale Interest by the seller to the Company, as of October 26, 2026, the Wannianfeng Acquisition and the Zhousha Acquisition have been completed in accordance with the terms and conditions of the Wannianfeng Sale and Purchase Agreement and the Zhousha Sale and Purchase Agreement, respectively. Upon completion of the Wannianfeng Acquisition and the Zhousha Acquisition, the Company has become the legal and beneficial owner of all equity interests in Wannianfeng and Zhousha, respectively. As Wannianfeng and Zhousha have become wholly-owned subsidiaries of the Company, the financial results of Wannianfeng and Zhousha will be consolidated into the Group's consolidated financial statements.