Time Interconnect completes major acquisition, issues new shares

Time Interconnect Technology Limited completed its acquisition of Dejinchang Investment Limited on December 3, 2025. This major transaction involved issuing 21,733,404 consideration shares at HK$15.184 each, calculated based on the average closing price over 30 consecutive trading days prior to completion.

These newly issued shares represent approximately 1.11% of the company's issued share capital prior to completion and 1.10% after the allotment. Following the acquisition, Dejinchang Investment Limited becomes a wholly-owned subsidiary of Time Interconnect, with its financial results to be consolidated into the Group’s financial statements.

Luxshare Precision Limited remains the largest shareholder with 69.69% of the enlarged share capital, while the vendor now holds 1.10% of the shares. The acquisition was executed under the general mandate, signifying a strategic expansion for Time Interconnect Technology.