Zhitong Finance App News, Minglue Technology-W (02718) announced that on August 31, 2026, Wuhan Nightingale, Tencent Industrial Venture Capital and Beijing Minglue Software (an indirect non-wholly-owned subsidiary of the Company) entered into an equity repurchase agreement. Beijing Minglue Software conditionally agreed to sell the repurchase shares (that is, all 11.33% of Wuhan Nightingale's shares held by Tencent Industrial Venture Capital, corresponding to a registered capital of RMB 156,900).
The repurchase consideration will be paid in two installments, of which RMB 14.0914 million must be paid before December 31, 2026, and the remaining RMB 14.0914 million must be paid before June 30, 2027. After Beijing Minglue Software pays consideration for the first phase of the repurchase, Tencent Industrial Venture Capital must cooperate with Wuhan Nightingale and Beijing Minglue Software to complete the commercial change registration for the first phase of the share repurchase within 10 working days; after Beijing Minglue Software pays consideration for the second phase of the repurchase, Tencent Industrial Venture Capital must cooperate within ten working days to complete the industrial change registration of the second phase of the share repurchase and complete the resignation procedure for its appointed director.
According to the shareholders' agreement, Wuhan Nightingale is required to complete a series of performance assessment indicators such as user expansion and new reporting in enterprises of different sizes. Since the above performance indicators were not completed within the agreed period, constituting a triggering event under the shareholders' agreement, Beijing Minglue Software is required to assume a repurchase obligation based on Tencent's original investment of 21 million yuan plus 12% annualized interest. The share repurchase will replace the original repurchase and compulsory share sale arrangements under the shareholders' agreement. After completion, Beijing Minglue Software will hold all of Wuhan Nightingale's shares. The share repurchase will simplify Wuhan Nightingals' equity and corporate governance arrangements, enable the Group to unify and coordinate Wuhan Nightingals' business and resource allocation, and eliminate the uncertainty caused by repurchase and compulsory share sale arrangements under shareholder agreements. The annual interest rate of 7% is determined after fair negotiation between the contracting parties and is lower than the 10% and 12% annual interest rates applicable to mandatory share sales under shareholders' agreements and repurchases in the event of triggering events, respectively. Also, although the repurchase consideration will be paid in installments after the date of the share repurchase agreement, interest will only be calculated until August 31, 2026, and not continuously until the actual payment date for each instalment.