Metaspacex Limited — M&A Activity 2026

Jun 1, 2026

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.

Metaspacex Limited

中國數智科技集團有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1796)

DESPATCH OF RESPONSE DOCUMENT RELATING TO CONDITIONAL VOLUNTARY CASH PARTIAL OFFER

Financial Adviser to the Company

红日资本有限公司
RED SUN CAPITAL LIMITED

Independent Financial Adviser to the Independent Board Committee

MESSIS 大有融资

References are made to (a) the announcements of the Company dated 11 May 2026 and 20 May 2026; (b) the announcement issued by the Offeror dated 5 May 2026; (c) the offer document issued by the Offeror dated 18 May 2026; and (d) the response document issued by the Company dated 1 June 2026 (the "Response Document"), all in respect of, among other things, the conditional voluntary cash partial offer made by Rainbow Capital (HK) Limited for and on behalf of the Offeror to acquire up to 15,800,000 Shares at the Offer Price in cash from the Qualifying Shareholders in accordance with the Takeovers Code. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Response Document.

DESPATCH OF RESPONSE DOCUMENT

The Response Document issued by the Company to the Qualifying Shareholders in relation to the Partial Offer, which sets out, among other things, (a) the letter from the Board; (b) the letter from the Independent Board Committee containing its recommendation to the Qualifying Shareholders in respect of the Partial Offer; and (c) the letter from the Independent Financial Adviser containing their advice to the Independent Board Committee and the Qualifying Shareholders in respect of the Partial Offer, has been despatched to the Qualifying Shareholders on 1 June 2026 in accordance with the Takeovers Code.

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Qualifying Shareholders are strongly advised to read carefully the advice, opinion, financial information of the Group and other information contained in the Response Document, including the recommendation from the Independent Board Committee and the advice from the Independent Financial Adviser before deciding whether to accept or reject the Partial Offer.

Qualifying Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company, and if they are in any doubt about their position, they should consult their professional advisers.

By order of the Board
Metaspacex Limited
Kang Ruipeng
Chief Executive Officer and Executive Director

Hong Kong, 1 June 2026

As at the date of this announcement, the Board comprises Mr. Kang Ruipeng and Mr. Deng Houhua and Mr. Zhang Mingmin as executive Directors; and Mr. Cheng Pak Lam, Ms. Ya Li and Ms. Chen Yan as independent non-executive Directors.

All the Directors jointly and severally accept fully responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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