MTT GROUP (02350) plans to acquire 100% equity of Qingzhan International Artificial Intelligence Co., Ltd. for HKD 20 million, deepening its business layout in the AI field.

MTT GROUP (02350) announced that on August 28, 2026, its wholly-owned subsidiary, Digital AI Holdings Limited, intends to acquire 100% of the shares of Qingzhan International Artificial Intelligence Co., Ltd. The initial consideration is HK$20 million (subject to adjustments), to be paid through the issuance of 30,534,350 consideration shares by the Company, at a price of HK$0.655 per consideration share. The target group is primarily engaged in AI-focused educational services and providing AI solutions covering data processing, AI agent development, and hardware development, through five core business elements: (i) AI talent cultivation services, including AI-focused leadership courses and engineering certifications, operational training camps for entrepreneurs and university students in collaboration with Tsinghua University and UNESCO, as well as educational experimental centers; (ii) development of AI agents, including industrial AI training agents, AI executive decision-making tools capable of intelligent analysis and comprehensive visualization of enterprise operational data for immediate actionable business insights, and smart office solutions that enable companies to independently construct, operate, and manage their own AI agents (including long-term complex task execution supported by built-in memory mechanisms and team collaboration capabilities); (iii) computing power sales, providing high-performance graphic processing unit (GPU) computing clusters for building and training AI models, rendering and inference computing power for running AI-generated content, and computing power leasing typically combined with supporting technology consulting services; (iv) provision of data services, including embodied AI data collection solutions and end-to-end data processing and labeling for AI applications and Siasun Robot & Automation, such as processing 3D point cloud data required for Level 3 autonomous driving systems, providing wearable data collection solutions for leading Siasun Robot & Automation, and automated quality report analysis in industrial manufacturing; and (v) hardware development, including AI chips, embodied AI, Siasun Robot & Automation, and training hardware devices. The directors believe that the acquisition is a strategic move for the Group to expand its existing IT solutions and infrastructure business into the rapidly growing AI industry. This will also enable the Group to establish a more comprehensive and integrated solution platform covering AI infrastructure, computing power, data processing, AI applications, and end-user deployment, thereby seizing opportunities brought about by the demand for smart transformation and AI-enabled operational solutions. By leveraging the Group's experience in IT product procurement, infrastructure deployment, system integration, and enterprise implementation, along with the target groups network, expertise, and infrastructure, the Group expects to deepen its business layout in the AI field. The directors believe that the acquisition will accelerate the commercialization and market application of the target group's AI technology, strengthen the Group's competitiveness in the IT infrastructure and AI solutions market, enhance the Group's long-term growth prospects, and diversify its revenue sources, which is expected to improve the Group's overall business performance. Therefore, the directors believe that the acquisition aligns with the Group's business development strategy and serves the overall interests of the Company and its shareholders.