Spike Health (00314) acquires 90% indirect equity in a licensed insurance brokerage company

According to Zhitong Finance App News, Spike Health (00314) announced that the company, as the buyer, has completed the acquisition of a controlling interest in a Hong Kong licensed insurance brokerage company in accordance with the share purchase agreement (share purchase agreement) signed with Mr. Zeng Hanqiang (seller) and other parties on September 1, 2026. The Company acquired and the seller sold 45,000 Star Intelligent Limited (Star Intelligent) common shares, accounting for 90% of its issued share capital (acquisition). Star Intelligent holds the entire issued share capital of Zheng Hao Asia Limited, a licensed insurance brokerage company regulated by the Hong Kong Insurance Authority (HK). The acquisition was completed on October 16, 2026, and the company now holds 90% of the shares of Zheng Hao Asia Co., Ltd. through Star Intelligence. Under the share purchase agreement, the total cost of the acquisition was approximately HK$3 million.

Through the acquisition, the Company's ability to provide overseas insurance and reinsurance services will be further enhanced. With Hong Kong's mature insurance market environment and international resources, the Company will further strengthen ties with overseas insurance companies, reinsurance companies and professional institutions, expand overseas reinsurance and cross-border insurance services, develop the broader underwriting capabilities provided by insurance companies and reinsurance companies, and risk solutions in the fields of large-scale commercial risk, special risk and professional insurance business, thereby continuously improving its comprehensive service capabilities. With technological progress and climate change, various emerging risks bring new challenges to the industry. The company is committed to building “technology+reinsurance” product innovation capabilities and enhancing its product pricing and risk solutions capabilities.

At the same time, the acquired Hong Kong insurance brokerage company will become an important bridge between the Chinese market and overseas insurance markets. As more and more Chinese enterprises accelerate overseas expansion, the company will further integrate domestic and foreign insurance resources to provide customers with more comprehensive insurance coverage and risk management support in situations such as overseas investment, factory construction, cross-border operation and employee protection, thus gradually developing cross-border service capabilities characterized by “serving domestic customers, coordinating overseas resources, and connecting to international markets”.