Wealthink AI delays disposal, GoFintech acquisition completion

Wealthink AI-Innovation Capital Limited (HKEX:1140) and GoFintech Quantum Innovation Limited (HKEX:290) announced a supplemental agreement extending the long stop date for their previously announced disposal and acquisition transaction. Key conditions precedent to the transaction, including listing approval for consideration shares, shareholder approvals, and regulatory consents, remain largely unfulfilled. While the condition regarding board approvals has been met, parties will now endeavour to meet the conditions, or agree on other dates, by 31 July 2025. The original deal involves a very substantial disposal by Wealthink AI and a corresponding very substantial acquisition and share issuance by GoFintech under a specific mandate, constituting a connected transaction.