DTXS SILK ROAD (00620): Termination of Acquisition of 50.1% Equity Interest in Topology Digital Technology

date
22:51 30/10/2026
avatar
GMT Eight
DTXS SILK ROAD (00620) announced that, in relation to the share purchase agreement entered into between the Group and the seller for the sale and purchase of a 50.1% equity interest in Shaanxi Topology Digital Technology Co., Ltd., given that the seller failed to fulfill its obligations under the share purchase agreement to complete a specific capital and equity restructuring, resulting in the unsatisfaction of the conditions precedent under the share purchase agreement, the share purchase agreement was terminated on October 30, 2026. Accordingly, the acquisition will not be completed. The board confirms that the Group has not paid and will not pay any consideration under the share purchase agreement.
DTXS SILK ROAD (00620) announced that, in relation to the share purchase agreement entered into between the Group and the seller for the sale and purchase of a 50.1% equity interest in Shaanxi Topology Digital Technology Co., Ltd., given that the seller failed to fulfill its obligations under the share purchase agreement to complete certain capital and equity restructuring, resulting in the unsatisfaction of the conditions precedent under the share purchase agreement, the share purchase agreement was terminated on October 30, 2026. Accordingly, the acquisition will not be completed. The board confirms that the Group has not paid and will not pay any consideration under the share purchase agreement.