UNIVERSAL TECH (01026) plans to acquire the commercial property in Yuexiu District, Guangzhou for a price not exceeding 260 million yuan.

UNIVERSAL TECH (01026) announced that on August 1, 2025, the company's indirect wholly-owned subsidiary, Shenzhen HuanYe HuanQiu Technology Co., Ltd. (the buyer), entered into a framework agreement with the seller, JinCheng Real Estate Development Co., Ltd. in Guangzhou. Under this agreement, the buyer (or another affiliated company designated by the buyer) intends to acquire the target property for a indicative price not exceeding RMB 260 million (subject to the contract) through cash, promissory notes, equity, convertible bonds, or a combination of these methods. According to the terms of the framework agreement, the buyer must pay the earnest money of RMB 100 million to the seller (or as instructed by the seller). According to the framework agreement, the target property proposed to be sold by the seller to the buyer includes retail and commercial properties with a total floor area of approximately 8,900 square meters located on the first floor (whole floor), first floor (part of the floor), fourth floor (part of the floor, including mezzanine floor), fifth floor (part of the floor), and sixth floor (part of the floor) of the East Mountain Jinxuan Modern City Commercial Complex located at No. 4 and No. 6 Nonglinxia Road, Yuexiu District, Guangzhou, China. The shopping mall is located in a prime location in Guangzhou, connecting the East Mountain Kout Metro Station where Guangzhou Metro Line 1 and Line 6 intersect. One of the exits of the Guangzhou Metro connects to the ground floor of the mall, with two other exits connecting to the first floor of the mall. The announcement stated that the company has been looking for land and property investment opportunities that can provide stable rental income for the group. The company believes that if the proposed acquisition under the framework agreement can be realized, it will provide an opportunity for the company to enhance its income sources and real estate portfolio.