• SMIT agreed to sell its entire 3.95% stake in X-Times, totaling 5,000,000 shares, for RMB 63.2 million.
• Shengshi Zhida will buy 4,510,000 shares for RMB 57.05 million; Jiutian Shengshi will buy 490,000 shares for RMB 6.2 million.
• Completion triggers derecognition of the X-Times investment; estimated aggregate pre-tax disposal loss of about USD 1.4 million.
• Net proceeds estimated at about USD 9.2 million; funds earmarked for new investments as the group exits EDA exposure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SMIT Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260720-12249959), on July 20, 2026, and is solely responsible for the information contained therein.