Mathematical Technology Group (02350) plans to acquire 100% of Hong Kong's Huilang Technology shares for HK$87.5 million to resume trading on January 2, 2026

Zhitong Finance App News, Mathematical Group (02350) issued an announcement. On December 30, 2025 (after the trading period), the buyer Digital Technology Group Holdings Limited entered into a share purchase agreement with the seller Wisewave Digital Technology Co., Ltd., and the seller conditionally agreed to sell the shares to be sold at a cost of HK$87.5 million. This price must be paid by allocating and issuing 125 million shares in the account as payment of full price shares in accordance with general authorization. The company has applied to the Stock Exchange to resume trading of shares on the Stock Exchange from 9:00 a.m. on January 2, 2026 (Friday).

According to the share purchase agreement, the buyer conditionally agreed to buy from the seller and the seller conditionally agreed to sell the shares to the buyer, which is equivalent to about 100% of the shares of the target company Hong Kong Huilang Technology Co., Ltd. The target company is mainly engaged in providing data center solutions, involving computer hardware trading, system integration and maintenance services.

The acquisition enabled the Group to further maximize the economic benefits of its shares in target companies and create greater shareholder value in the Group's transformation into a leading AI solution provider. Considering the Group's core business, the acquisition represents a continuation of the Group's growth strategy. Through internal cultivation of artificial intelligence teams and external acquisition of core technology and computing resources, it is seeking investment opportunities that can strengthen its focus on artificial intelligence.

The company expects to benefit from increased ownership of the target company's equity through acquisitions to immediately obtain key computing power resources and infrastructure capabilities, including high-performance GPU/AI chips and related algorithm development; make good use of the target company's customer network and market resources in China, accelerate its entry into the Chinese artificial intelligence market, and establish cooperative relationships with leading global chip suppliers. It is expected to enhance supply chain stability and the target company's technical service expertise in AI application development and system integration, thereby strengthening the company's artificial intelligence solution system; and strengthening the target company's role as The strategic position and policy advantages of Hong Kong operators support the development of international artificial intelligence computing hubs.

The board of directors believes that the acquisition will enable the Group to quickly enter the intelligent computing supply chain and obtain advanced artificial intelligence infrastructure and resources from target companies, thereby seizing growth opportunities in the field of computer software, hardware and artificial intelligence, which is expected to enhance the overall performance of the Group.