New Silk Road Holding Group (00472): Subsidiary plans to acquire 224,200 shares of i-Aurora Co., Ltd. and 90,500 shares of &Soul Co., Ltd. at a total cost of 5 billion won

According to Zhitong Finance App, New Silk Road Holding Group (00472) announced that on October 8, 2026 (after the trading period), KSR, an indirect non-wholly-owned subsidiary of the Company, has entered into an i-Aurora share purchase agreement, &SOUL share purchase agreement and subscription agreement for the investment. Based on this:

(i) KSR has conditionally agreed to the acquisition, and Culture Monster Co., Ltd. (Seller A) has conditionally agreed to sell 224,200 common shares of i-Aurora Co., Ltd. (Target Company A), accounting for about 2.67% of Target Company A's issued share capital, at a cost of about 2 billion won (equivalent to approximately HK$10.8 million);

(ii) KSR has conditionally agreed to the acquisition, and Better Ground Investment Fund No. 2 (seller B) has conditionally agreed to sell 50,000 shares of &SOUL Co., Ltd. (target company B) at a cost of about 1,391 billion won (equivalent to approximately HK$7.5 million);

And (iii) KSR has agreed to subscribe conditionally, and Target Company B has agreed to issue and distribute 40,500 new common shares of Target Company B at a subscription price of 39,700 won per share, with a total subscription amount of approximately 1,609 million won (equivalent to approximately HK$8.7 million).

According to these agreements, the total cost payable by KSR is approximately KRW 5 billion (equivalent to approximately HK$27 million).

After completion of the &SOUL share purchase agreement and subscription agreement, KSR will hold a total of 90,500 common shares of target company B, accounting for about 30.98% of target company B's expanded issued share capital.

The Board of Directors believes that the investment is in line with the above development direction of the Group. The target company is engaged in business related to products, sales channels, payment, membership services, and other consumer-facing businesses. The directors believe that these business resources may provide the Group with an opportunity to further understand the Korean consumer market and explore potential cooperation in fields including product procurement, sales and distribution, payment-related services and promotion activities, thereby supporting the Group in exploring trade-related opportunities.

By establishing equity interests in target companies, the Group intends to strengthen commercial relationships with them and lay the foundation for identifying and evaluating future cooperation opportunities. At the same time, the investment will enable the Group to participate in the future development of target companies to seek medium- to long-term capital appreciation and potential return on investment.

The Group currently has no intention of participating in the day-to-day management or operation of any of the target companies, and their daily operations will continue to be carried out by their respective management teams. The Group will monitor the performance of its investments and evaluate future cooperation opportunities based on actual business needs, commercial viability, and terms that may be otherwise agreed by the parties concerned.