Fubo Group (03738) subsidiary plans to acquire all shares of Anqing International for HK$75 million

According to the Zhitong Finance App, Fubo Group (03738) announced that on October 9, 2026, the buyer (Vobile Investment Holdings Limited, a direct wholly-owned subsidiary of the company) intends to acquire the entire issued share capital of the target company from the seller, Ms. Li Ye. The cost of HK$75 million will be distributed to the seller at the time of completion and the issuance of a total of 205.479 million shares (without any property rights burden) at the time of completion. The target company is Anqing International Limited (a limited company incorporated in Hong Kong, China on August 19, 2016). The target company has independently developed AI video generation and digital watermarking technology, and mainly provides video production tools to content creators and film and television studios through multi-agent collaboration technology. Its core product is Dreamesh, an AI video generation platform.

The target company has the ability to independently develop AI video generation and digital watermarking technology and intellectual property rights (including its Dreamesh platform, which can integrate content protection functions into the generation process), which can complement the Group's existing digital content asset protection business. The acquisition enabled the group to deeply integrate the target company's proprietary spatio-temporal compression technology and inference engineering capabilities with the AI computing power center and word element factory that the group plans to build. It is expected that this move will speed up the delivery and implementation of AI film and television factories, reduce the computing power consumption costs of word generation, and apply the relevant capabilities to the Group's DreamMaker content creation customers and platform customers, thereby expanding the scale of etymology production and increasing the overall gross profit margin of the business without increasing the cost of computing power customization.

To complete one of the prerequisites, each key employee of the target company must have entered into an employment and restrictive contract agreement (including non-competition, non-solicitation and strict confidentiality commitments) with the buyer, the company or its designees. This is expected to help retain key talents and facilitate the integration of the target company's business into the group.