Qidian Guofeng completes acquisition of AI tech company

China Qidian Guofeng Holdings Limited announced the completion of its acquisition of an AI technology company on December 15, 2025. This acquisition involves AI-driven enablement services for the interest-based e-commerce sector. All conditions precedent for the Acquisition Agreement have been fulfilled.

As part of the transaction, 94,069,530 Consideration Shares were allotted and issued to the Vendors at an Issue Price of HK$4.89 per share. These new shares represent approximately 5.12% of the company's issued share capital prior to completion and 4.87% of the enlarged issued share capital post-completion. The total number of shares in issue increased from 1,837,256,128 to 1,931,325,658.

Following the completion, the Target Company is now a wholly-owned subsidiary of China Qidian Guofeng Holdings Limited, and its financial results will be consolidated into the Group’s financial statements. This strategic move aims to integrate the acquired AI capabilities into the company's core business.