Wingtech Technology’s major asset sale to Luxshare nears completion

Wingtech Technology announced on November 11, 2025, that its major asset sale, first approved on March 20, 2025, is nearing completion, with most target assets already transferred. The transaction involves selling various subsidiaries and business asset packages to Luxshare Precision Industry Co., Ltd. and Luxshare Communication (Shanghai) Co., Ltd. for cash.

As of the announcement date, the related business asset package in India has been transferred, with only land ownership changes pending buyer cooperation. All other asset transfers have completed ownership registration procedures.

Despite this progress, Wingtech Technology reported certain transaction payments are still outstanding. Specifically, CNY 70 million in equity transaction tail payments and INR 160,741,382.18 in Indian asset transaction tail payments are yet to be received. Another CNY 70 million in equity transaction tail payments relating to Kunming Wenxun is also pending.

Wingtech Technology stated it is actively communicating with the buyer regarding the outstanding payments and will continue to comply with relevant laws and regulations for information disclosure. Investors are advised to exercise caution due to investment risks.