According to Zhitong Financial App, Tourover-W (09690.HK) announced that on September 24, 2026, the buyer (TUHU Car (Hong Kong) Limited, an indirect wholly-owned subsidiary of the company) and the seller (Continental Global Holding Netherlands B.V., a wholly-owned subsidiary of Continental AG) entered into a share sale agreement. According to this, the buyer has conditionally agreed to acquire the target company (Conti Trade) Australia Pty Ltd)'s total issued share capital. Continental AG is a company listed on the Frankfurt Stock Exchange (stock code: CON) and is a leading tire manufacturer and industry expert. The target company owns and operates the “mycar Tyre & Auto” network, which is one of the largest tire, car service and maintenance chains in Australia, providing comprehensive one-stop car services through 279 stores across the country. The acquisition was based on the target group's agreed enterprise value of 403 million Australian dollars (equivalent to about HK$2.25 billion). After adjustments were made to the target group's net debt and working capital amounts, it was determined that the delivery payment is currently estimated at about 278 million Australian dollars (equivalent to about HK$1.55 billion). This amount must be paid in cash at the time of delivery and can be adjusted after delivery.

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