Time Interconnect delays acquisition circular despatch after securing waiver

Time Interconnect Technology Limited announced a delay in despatching its circular related to a major acquisition. The company, which previously disclosed a written approval for the acquisition from its controlling shareholder, Luxshare Precision Limited, owning 1,380,594,000 shares (70.60%), was originally required to despatch the circular by September 18, 2025.

The delay stems from the need for additional time to prepare and finalize financial information for the target group and the enlarged group for inclusion in the circular. Consequently, the company applied for and received a waiver from strict compliance with the listing rules from the Stock Exchange on September 18, 2025.

Under the terms of the waiver, Time Interconnect Technology Limited is now expected to despatch the circular to shareholders on or before November 21, 2025. The Stock Exchange has advised that the waiver granted is subject to potential change or withdrawal if the company's situation alters.