YADEA (01585) plans to acquire 100% of the shares of Jinjian Technology Group Co., Ltd. for 1.02 billion yuan.

YADEA (01585) announced that on August 25, 2026 (after trading hours), the buyer, Wuxi Yade Consulting Co., Ltd. (an indirect wholly-owned subsidiary of the company), and the seller, Mr. Zhu Chaofeng, entered into the agreement regarding the acquisition. Upon completion, the target company, Jin Jian Technology Group Co., Ltd., will become an indirect wholly-owned subsidiary of the company. According to the agreement, the seller conditionally agrees to sell and the buyer conditionally agrees to purchase the sale rights (equivalent to 100% equity of the target company). The total consideration for the acquisition is RMB 1.02 billion, which will be settled in cash by the Group and allocated from the Group's internal resources. Jin Jian Technology Group Co., Ltd., established in Wuxi, China, is primarily engaged in investment activities, providing support at the group level, managing production sites in Jiangsu, and leasing activities. The acquisition is a significant step that helps the Group implement its strategy to further consolidate its market position and expand its business footprint in the electric two-wheeler market as well as the commercial division (including delivery services). The directors believe that the acquisition will enable the Group to seize opportunities arising from ongoing industry consolidation, expand its customer base and application scenarios, and achieve potential synergies through scaling up, improving operational efficiency, and increasing market coverage. The acquisition also aligns with the Group's strategy of developing a diversified, multi-brand, and multi-product portfolio.