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Fortis Technology (00465): The two parties have not entered into a formal agreement to extend the exclusive period under the MOU
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Zhitong Finance App News, Fortis Technology (00465) issued an announcement. After China's National Day holiday, Mr. Chen and the potential buyer have resumed discussions and negotiations on the possible transaction, including consideration of the financial structure of the possible transaction, as well as the company's potential future business plans and strategic direction after the possible transaction. Since the Company published its last monthly update notice on October 8, 2026 until the date of this announcement, since the parties have not yet reached agreement on a number of matters relating to the possible transaction, there has been no significant progress in the possible transaction, and the two parties have not entered into a formal or legally binding agreement.

According to the latest information provided by Mr. Chen, due to current commercial considerations, the two parties have not entered into a formal agreement to extend the exclusive period under the MOU. As of the date of this announcement, the parties may therefore not be subject to any exclusive arrangement.

Since there was no final agreement with the potential buyer on the date of this announcement, shareholders and investors of the Company should be aware that a trade fair may or may not take place.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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