Wisdom Technology Group: intends to acquire 51% stake in Shanghai Mingxiao Information Technology Co., Ltd.

Announcement of WiseTech Group: The company has signed a non-legally binding Letter of Intent for a potential acquisition with a potential seller, intending to acquire no less than 51% equity of Shanghai Mingxiao Information Technology Co., Ltd. The main terms of the transaction include the acquisition of no less than 51% equity of the target company, and the final consideration for the potential acquisition will be determined based on the valuation report issued by an independent valuer and the results of the company's legal and financial due diligence, taking into account factors such as industry comparable transaction prices.