Future Data Group Limited — M&A Activity 2024

Nov 5, 2024

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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FUTURE DATA GROUP LIMITED 未來數據集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8229)

TERMINATION OF THE SHARE TRANSACTION REGARDING THE ACQUISITION OF THE TARGET INVOLVING THE ISSUE OF CONSIDERATION SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of Future Data Group Limited (the “ Company ”) dated 17 April 2024, 30 April 2024, 6 May 2024 and 16 October 2024 in relation to the share transaction regarding the acquisition of the entire issued share capital in the Target. Unless otherwise indicated, the capitalized terms in this announcement have the same meanings as ascribed to in the announcement of the Company dated 17 April 2024.

The Board announces that after careful consideration of all the circumstances of the Acquisition, the Company and the Vendor decided not to proceed with the Acquisition and thus on 5 November 2024, the Purchaser and the Vendor entered into a termination agreement (the “ Termination Agreement ”) to terminate the Acquisition Agreement and the Acquisition.

Pursuant to the Termination Agreement, the Parties mutually agreed to terminate the Acquisition Agreement with effect from the date of the Termination Agreement and to release and discharge each other from all future obligations and liabilities under the Acquisition Agreement. Each of the Parties also confirmed that it has no claim against the other party in respect of any matter under or arising from the Acquisition Agreement.

The Board considers that the termination of the Acquisition will not have any material adverse impact on the financial and operation of the Group.

By Order of the Board

Future Data Group Limited

Tao Hongxia

Chairlady and Non-executive Director

Hong Kong, 5 November 2024

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As at the date of this announcement, the executive directors of the Company are Mr. Cheung Ting Pong and Mr. Lee Seung Han, the non-executive director of the Company is Ms. Tao Hongxia and the independent non-executive directors of the Company are Mr. Chan Kin Ming, Mr. Lam Chi Cheung Albert and Mr. Leung Louis Ho Ming.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Listed Company Information” page of the website of the Stock Exchange at www.hkexnews.hk for at least seven days from the day of its publication. This announcement will also be published on the Company’s website at www.futuredatagroup.com.

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