NEWLINK TECH (09600) terminates acquisition of HK Ant Global Investment Co., Limited

NEWLINK TECH (09600) announces that in relation to the memorandum of intent for equity acquisition entered into between the Company and HK Ant Global Investment Co., Limited (the Target Company), the Target Company's shareholders Silicon Base Technology Limited (Silicon Base) and Ant Global Investment Co., Ltd (Ant Global, together with Silicon Base, the "Target Company Shareholders"), as well as the Target Company's beneficial owners Ms. Qu Zhaojuan and Ms. Yuan Xiaona, pursuant to which the Company intends to acquire all shares of the Target Company (the Acquisition). Following friendly negotiations among the parties, on September 18, 2026 (after market close), the Company, the Target Company, the Target Company Shareholders and the Target Company's beneficial owners entered into a termination agreement (the Termination Agreement), pursuant to which the parties agreed to terminate the Memorandum with effect from the date of this announcement, and the proposed Acquisition will no longer proceed. No party shall be required to pay compensation or bear legal liability to any other party in respect of the termination of the Memorandum and the Acquisition, and this termination does not constitute any party's admission of the existence of breach, negligence or legal liability. The Board considers that the termination of the Memorandum and the Acquisition will not have any material adverse impact on the financial condition and business operations of the Group, and is in the overall interests of the Company and its shareholders.