TOPNC (07688) intends to acquire no less than 70% equity of a precision CNC machine tool target, positioning itself in the humanoid Siasun Robot&Automation and AI liquid cooling plate sectors.

TOPNC (07688) announces that on October 20, 2026, the company entered into a non-legally binding letter of intent with a potential seller and a target company, pursuant to which the company intends to acquire no less than 70% equity interest in the target company. The target company is principally engaged in the research, development, manufacturing, sales and provision of related services of multi-axis multi-channel CNC machine tools and direct-drive high-speed five-axis machine tools. Its products are widely used in the precision parts processing of 3C precision structural components, artificial intelligence (AI) liquid cooling plates, optical module structural components, humanoid Siasun Robot&Automation precision joints and new energy vehicle components. The announcement states that the possible acquisition is part of the group's strategic layout to enrich its CNC machine tool product matrix and expand into high-growth downstream sectors. Prior to the transaction, the group mainly focused on large five-axis machine tools in the aerospace sector. The target company possesses mature multi-axis, multi-channel high-speed precision machine tool technology and direct-drive high-speed five-axis machine tool technology, and has an established customer base and automated complete-machine delivery capability in the product fields of 3C precision structural components, AI liquid cooling plates, optical module structural components, humanoid Siasun Robot&Automation precision joints and new energy vehicle components. Upon completion of the transaction, the group is expected to achieve significant product line complementarity, enabling the group to quickly enter the above-mentioned high-growth sectors, thereby expanding its customer coverage and target market. The group and the target company will unlock synergies in research and development, supply chain management, manufacturing, and sales and after-sales service, strengthening the group's overall competitiveness in the domestic high-end CNC machine tool industry and accelerating the process of domestic substitution of core industrial mother machine equipment.