Fibocom Completes Acquisition of 37.16% Stake in Hangsheng Electronics

• Fibocom Wireless completed the transfer of 119,015,321 Hangsheng Electronics shares, representing a 37.16% stake, on October 16, 2026.
• The cash acquisition is structured to secure control of Hangsheng Electronics through an acting-in-concert agreement.
• As of October 21, the buyer had paid RMB 285.6 million, representing 20% of the consideration.
• The remaining 80% is payable within five business days of full completion of the share transfer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fibocom Wireless Inc. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261021-12378688), on October 21, 2026, and is solely responsible for the information contained therein.