Newlink Technology Inc. — M&A Activity 2026

May 22, 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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

NEWLINK TECHNOLOGY INC.

新紐科技有限公司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 9600)

INSIDE INFORMATION

MEMORANDUM OF INTENT ON ACQUISITION OF EQUITY INTEREST

The Board of the Company is pleased to announce that on 22 May 2026 (after trading hours), the Company entered into a memorandum of intent on acquisition of equity interest with the Target Company, the Shareholders of the Target Company and the Beneficial Owners of the Target Company in respect of the potential acquisition of the entire equity interest in the Target Company.

The Acquisition is subject to further negotiation and execution of the formal acquisition agreement, which may or may not be executed. The Company will make an announcement in due course in accordance with the Listing Rules. As the Acquisition may or may not come to pass, shareholders and potential investors are advised to exercise caution in dealing in the shares of the Company.

This announcement is made by Newlink Technology Inc. (the "Company", together with its subsidiaries, the "Group") in accordance with Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").

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The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that on 22 May 2026 (after trading hours), the Company entered into a memorandum of intent on acquisition of equity interest (the "Memorandum") with HK Ant Global Investment Co., Limited (the "Target Company"), Silicon Base Technology Limited ("Silicon Base") and Ant Global Investment Co., Ltd ("Ant Global", together with Silicon Base, the "Shareholders of the Target Company"), being the shareholders of the Target Company, and Ms. Qu Zhaojuan (曲兆娟) and Ms. Yuan Xiaona (袁曉娜) (collectively, the "Beneficial Owners of the Target Company"), being the beneficial owners of the Target Company.

Pursuant to the Memorandum, the Company intends to acquire all the shares of the Target Company (the "Acquisition") through a combination of cash and the issuance of shares, and the specific method of acquisition shall be subject to the provisions of the final transaction documents of the Acquisition. Upon the signing of the Memorandum, the Target Company and the Performance Guarantee Sellers shall fully cooperate with the Company in carrying out due diligence and other necessary work for the Acquisition. The estimated consideration for the Acquisition shall not exceed HK$100 million, and the final consideration shall be subject to the amount agreed upon by both parties following the due diligence, audit and valuation conducted by the Company. The Shareholders of the Target Company and the Beneficial Owners of the Target Company will provide the performance guarantee to the Company in respect of the cumulative audited net profit and cumulative net cash inflow from operating activities of the Target Company during the performance guarantee period. Pursuant to the Memorandum, the Company is entitled to an exclusive period in respect of the Acquisition from the date of signing of the Memorandum until the date of signing of the acquisition agreement or the date falling 90 days after the date of signing of the Memorandum (whichever is earlier). Save for the terms related to the exclusive period, confidentiality, allocation of costs, governing law and dispute resolution, and legal effect of the Memorandum, the other terms of the Memorandum are not legally binding.

As at the date of this announcement, to the best of the knowledge, information and belief of the Directors, having made all reasonable enquiries, the Target Company, the Shareholders of the Target Company and the Beneficial Owners of the Target Company are third parties independent of the Company and its connected persons.

The Group has long been focusing on the research and development and scenario-based implementation of cutting-edge technologies such as artificial intelligence and big data analytics, and is committed to providing high-value-added IT solutions and professional services for customers in key industries, including finance, healthcare, transportation and logistics, as well as general industry customers. The Target Company and its subsidiaries (collectively, the "Target Group") are committed to providing performance-oriented marketing solutions for global business growth, driven by AI data analytics. The Group intends to further deepen the application of cutting-edge technologies, such as artificial intelligence and big data analytics, for customers in specific and general industries through the acquisition of the Target Group, providing customers with additional high-value-added solution services that can help improve their sales revenue and profitability, thereby extending the service chain of the Group's IT solution services, enhancing customer loyalty, and generating potential synergies with the Group's existing businesses.

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The transactions under the Memorandum, if materialised, may constitute a notifiable transaction of the Company under the Listing Rules. If such transactions are carried out and the final transaction documents are executed, the Company will make further announcement(s) and comply with all reporting, disclosure and/or shareholders’ approval requirements under the Listing Rules.

The Acquisition is subject to further negotiation and execution of the formal acquisition agreement, which may or may not be executed. The Company will make an announcement in due course in accordance with the Listing Rules. As the Acquisition may or may not come to pass, shareholders and potential investors are advised to exercise caution in dealing in the shares of the Company.

By order of the Board
Newlink Technology Inc.
Zhai Shuchun
Chairman of the Board and Chief Executive Officer

Beijing, the PRC, 22 May 2026

As at the date of this announcement, the executive Directors are Mr. ZHAI Shuchun, Ms. QIN Yi and Mr. LI Xiaodong; and the independent non-executive Directors are Mr. TANG Baoqi, Ms. YANG Juan and Mr. YOU Linfeng.

• For identification purposes only

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