CH CITY INFRA (02349) plans to acquire 60% equity of Shenzhen Zhilian Feichuang Technology Co., Ltd. for 3.3 million Hong Kong dollars.

CH CITY INFRA (02349) announced that on February 10, 2026, its wholly-owned subsidiary Shenzhen Huafeng Infrastructure Investment Co., Ltd. intends to acquire 60% equity of Shenzhen Zhilian Feichuang Technology Co., Ltd. from Qianhai Settlement Corporation Limited for a consideration of HK$3.3 million, which will be paid by issuing HK$3.3 million convertible bonds to the seller or its nominee, with a preliminary conversion price of HK$0.3 per share. The target company's main business focuses on the deep integration of AI artificial intelligence technology and Software as a Service tools, providing efficient and intelligent decision support and business empowerment to various organizations. Expanding into new businesses can help diversify risks, explore new markets, increase sources of revenue, and enhance corporate resilience and innovation capabilities. The company will consider issuing stock options to encourage employees and management to actively improve the operations and financial performance of the group and the target company.