• Butong Group signed a nonbinding memorandum on October 30, 2026, to acquire approximately 51% of Huizhou Longde Technology.
• The China-based target develops, manufactures and sells micro-special motors, with capabilities in motor and drive-control technology.
• The seller, the target’s controlling shareholder, granted a four-month exclusivity period and agreed to cooperate fully with due diligence.
• The acquisition aims to secure core motor supplies, reduce supply-chain risks and accelerate smart childcare and home technology product development.
• Completion remains subject to a definitive agreement.

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. Butong Group 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-20261030-12391585), on October 30, 2026, and is solely responsible for the information contained therein.