LONGCHEER (09611) plans to acquire an 80% equity stake in Suzhou Anruike Information Technology for a total of 1.12 billion yuan.

LONGCHEER (09611) announced that on August 13, 2026, the company entered into an equity transfer agreement with the sellers (Ren Liguo, Ding Zhiyong, Chen Bo, Wang Zhonghui, Suzhou Ruiyongying, and Suanwang Investment), namely the Founders' Equity Transfer Agreement, the Incentive Platform Equity Transfer Agreement, the Institutional Sellers' Equity Transfer Agreement, and the Individual Sellers' Equity Transfer Agreement. According to this agreement, the company agrees to acquire a total of 80% equity in the target company (Suzhou Anruike Information Technology Co., Ltd.) from the sellers, with a total consideration of RMB 1.12 billion. After the completion of this acquisition, the target company will be 80% owned by the company and will become a non-wholly-owned subsidiary of the company, with its financial performance consolidated into the groups financial statements. The company focuses on ODM manufacturing of intelligent products and provides one-stop services for brand clients in the consumer electronics industry, covering everything from R&D and design to production. The companys product line includes smartphones, tablets, AIoT products, automotive electronics, and AI PCs. The target company is a supplier of data center infrastructure products and solutions, specializing in the R&D, manufacturing, and system integration of data center infrastructure and key equipment, with core products including server cabinets, PDUs, bus bars, low-voltage power distribution equipment, and is a national high-tech enterprise. In recent years, the target company has been deeply involved in the field of data center infrastructure, leveraging its experience in design, customer service capabilities, and sales channel resources. It has participated in the construction of multiple data center projects and established stable cooperative relationships with several clients, possessing the capability to serve large clients. After the transaction, the target company will become a non-wholly-owned subsidiary of the company, and its financial performance will be consolidated into the groups financial statements. The target companys design and service capabilities in the field of data center infrastructure will help the company enter this field, expand the group's business layout, and enhance the group's client resources and service capabilities, aligning with the companys strategic development needs. The consideration will be funded through the companys internal resources and will not utilize any proceeds from the companys H-share listing. The company currently expects that this acquisition will not have a significant adverse impact on its cash flow situation.