Time Interconnect details acquisition consideration and share options

Time Interconnect Technology Limited announced supplemental information regarding its acquisition, revealing the consideration for the Sale Shares is HK$460,000,000. This was determined by factoring in the target group's net asset value as at June 30, 2025, recent financial performance, and strategic benefits. An independent valuer's preliminary estimate indicated a fair value of approximately yuan433,550,000 for the target group's properties, resulting in a valuation surplus of approximately yuan135,605,000 over their carrying amount.

The directors deemed the price-to-book (P/B) ratio the most suitable valuation benchmark, noting the target group's implied P/B ratio of approximately 1.3 times falls below the comparable companies' range of 1.8 to 3.2 times. The target group reported steady revenue growth, reaching approximately yuan3,350m for the year ended December 31, 2024, with net profit rebounding to approximately yuan41.8m for the six months ended June 30, 2025, exceeding the full year result for 2024.

Additionally, the company provided updates on its share option scheme. For the year ended December 31, 2024, the weighted average closing price of shares immediately before option exercise was HK$4.1. The exercise price for cancelled share options was HK$1.506 per share for the year ended December 31, 2024, and the six months ended June 30, 2025.