Zhitong Finance App learned that on August 21, 2026, Hang Seng Index Company announced the results of the Hang Seng Index series of quarterly reviews up to June 30, 2026. Among them, Rapid Innovation (03355) was included in the Hang Seng Composite Index. Changes in the Hang Seng Composite Index will be implemented after the market closes on September 4 (Friday) and will take effect on September 7 (Monday). At that time, the Shanghai and Shenzhen Stock Exchange will adjust the scope of investment targets of Hong Kong Stock Connect accordingly. Rapid Innovation is likely to be transferred to the Hong Kong Stock Connect because it meets a range of standards including market value and liquidity.
On August 20, Fast Speed Innovation issued an announcement stating that it has completed the acquisition of 100% of the shares of Shanghai Boda Data Communications Co., Ltd. (target company). After completion, the target company became a wholly-owned subsidiary of the Company, and its financial results were incorporated into the Group's comprehensive financial statements.
The directors believe that the acquisition will enable the Group to acquire a mature product, R&D, manufacturing and delivery platform. The expected synergy is mainly due to the complementarity between these capabilities and the Group's global customer channels, digital marketing and operations, supply chain management and delivery capabilities. The acquisition is expected to broaden the Group's product range, enhance its internal R&D and production capabilities, enhance supply chain resilience, and enhance its ability to provide integrated network solutions to customers around the world.