Lingyi iTech invests $45m in Vietnam AI hardware associate, updates board

Lingyi iTech (Guangdong) Company is increasing its indirect stake in Vietnam-based DBG Technology (Vietnam) Co., Ltd. through a $45 million capital injection. This investment, routed through DBG Electronics (Investment) Limited, will see Lingyi iTech indirectly contribute $11.025 million, maintaining its 24.50% ownership in the Vietnamese entity. This move aims to support the AI terminal hardware business development of Vietnam DBG.

This capital increase constitutes a connected transaction due to a related party serving as a director in DBG Electronics (Investment) Limited. It falls within the board's approval authority, as confirmed by the Sixth Board of Directors' Nineteenth Meeting on October 15, 2025.

Separately, Lingyi iTech has issued a guarantee of $40 million for its Singaporean subsidiary, Triumph Lead (Singapore) Pte. Ltd., through a facility with China Everbright Bank. Concurrently, the company announced the appointment of Ms. Wei Zhenghui to the Sixth Board of Directors' Strategy and Development Committee, effective from the board's approval on October 15, 2025.