According to Zhitong Finance App News, China Fine Soft Technology (01020) issued an announcement. On August 21, 2026, the company, the buyer Aopai Enterprise Holdings Co., Ltd. (an indirect wholly-owned subsidiary of the Company) and the seller, Mr. Meng Defeng, entered into a sales agreement. According to this, the buyer conditionally agreed to buy, and the seller conditionally agreed to sell shares at a cost of RMB 250 million (equivalent to about HK$290 million).
The sale shares will be issued and distributed to the seller after the restructuring is completed, and all common shares in the issued share capital of the British Virgin Islands Special Purpose Company registered under the seller's name, that is, the entire issued share capital of the British Virgin Islands Special Purpose Company at the time the restructuring is completed, and will be sold by the seller to the buyer in accordance with the sales agreement; and the British Virgin Islands Special Purpose Company shall directly or indirectly hold all of the shares of the target company Jiangsu Ousoft Information Technology Co., Ltd. after the restructuring is completed and at the time of completion.
As a condition for completion, the restructuring must have been completed, so that immediately before completion, the seller should be the sole registered and legal owner of all issued shares of the British Virgin Islands Special Purpose Company, and the British Virgin Islands Special Purpose Company should indirectly hold all of the target company's shares through the Hong Kong Special Purpose Company and the target wholly foreign-owned enterprise.
Upon completion, the Group will hold all of the issued share capital of the British Virgin Islands Special Purpose Company. According to this, the target company will become an indirect wholly-owned subsidiary of the Company, and the financial results of the restructured Target Group will be incorporated into the Company's financial statements. Valuable shares will be allocated and issued in accordance with a special authorization to seek shareholders' approval at the special shareholders' meeting. The Company will apply to the Stock Exchange for approval of the listing and trading of consideration shares.
After completion, the Company will distribute and issue consideration shares, or 1.45 billion new shares, to the seller (or its nominee) according to the issue price.
Issue price compared to HK$0.20 per share: Shares are discounted by approximately 2.4% at the closing price of HK$0.205 per share as reported on the date of the sale agreement.
The directors believe that the acquisition will bring significant strategic advantages to the Group, particularly improving the Group's operational efficiency, particularly intellectual property (IP) related services. By integrating target companies' expertise in automation solutions into the Group's insightful intellectual property (IP) related services, the Group can promote business automation of its IP application agency and registration services, and IP transaction facilitation services. These services currently involve highly labor-intensive tasks (such as manually checking past patent registrations, etc.), thereby freeing up the Group's existing human resources to more customer service work and/or reducing the Group's labor costs, thereby improving efficiency and thereby increasing the Group's profitability. The acquisition also brought opportunities for product/service diversification, enabling the Group to expand its range of services and provide a wider range of solutions. This diversification can attract new customers seeking comprehensive support and create valuable cross-selling opportunities for the Group's existing customer base, including patent holders engaged in factory/manufacturing operations and who may benefit from the target company's services, thereby promoting synergy between the Group's existing IP business and the target company's existing IP business, and opening up potential new business opportunities. In the future, the directors expect that the Group will be able to show its success in the field of AI-driven automated IP-related services and be able to cross-sell smart IP-related services to existing and new customers of the Group's intellectual property (IP) related services.
With their respective core strengths, the two sides will achieve deep synergy and mutual benefit and co-prosperity, and establish core barriers that are difficult for the industry to replicate in the intellectual property (IP) AI field. At the strategic level, the acquisition will bring value improvements to the Group in many ways: from an industrial chain perspective, the Group can use cutting-edge AI expertise to optimize the business layout and accelerate the transformation from a labor-intensive model to a data-driven intelligent model to enhance core competitiveness; from a service perspective, through the deployment of advanced AI technology, the Group can effectively improve the operating efficiency of on-site employees in various locations in China (specifically, the Group's IP transaction promotion services, which are provided online through a platform with on-site staff support in various locations such as Beijing, Tianjin and Suzhou), and more It effectively meets customer needs; from the perspective of industry status, the acquisition helps the Group seize growth opportunities in the intellectual property (IP) AI field, consolidate its first-mover advantage, and promote steady business expansion, thereby strengthening its leading position in the intellectual property (IP) AI industry in China.