EFT SOLUTIONS (08062) subsidiary intends to acquire a certain number of issued shares of United Technologies Limited.

EFT SOLUTIONS (08062) announced that on April 16, 2025, EFT SOLUTIONS Limited (an indirect wholly-owned subsidiary of the company, as a potential buyer) entered into a non-legally binding memorandum of understanding with Xu Qingzong (as a potential seller). According to the memorandum of understanding, the potential buyer expressed interest in acquiring and the potential seller expressed interest in selling a certain amount of issued share capital of UANTech Limited. The announcement stated that if the potential acquisition is completed, the Group will be able to expand its business map and portfolio through the synergies generated by utilizing the regional network of Chinese Taiwanese business partners and integrating business resources, achieving sustained growth within the industry. Therefore, the Board believes that the potential acquisition is in the overall interest of the Company and shareholders.