Datang West City (00620.HK) intends to acquire a 50.1% stake in Topology Digital Technology for 7.8 million yuan

Guotong Hui March 11 — Datang Xishi (00620.HK) announced that on March 31, 2026, its subsidiary entered into a share purchase agreement with the shareholders of Topology Digital Technology. Under this agreement, Datang Xishi’s subsidiary agrees to purchase, and the seller agrees to sell, a total of 50.1% equity interest in Topology Digital Technology for a total price of RMB 7.8 million. The payment will be settled via promissory notes with a three-year term. Upon completion of the acquisition, Topology Digital Technology will become a non-wholly owned subsidiary of the company, and its financial performance will be consolidated into the group’s financial statements.

It is understood that Topology Digital Technology is a limited liability company established in China. Before the completion of the acquisition, Topology Digital Technology will have a registered capital of RMB 13 million. It is a brand focused on augmented reality technology and the integration of technology and culture, using augmented reality as a driving force to develop immersive experience solutions. The company may raise additional funds at an appropriate time to support its business development (such as shareholder loans).

The board believes that this acquisition will help the group implement innovative marketing strategies and integrate technology (especially augmented reality) into various business areas (such as property and art collection businesses), thereby providing better customer experiences and enhancing the group’s competitiveness. This acquisition also allows the group to diversify its business portfolio through early investment in Topology Digital Technology and to explore new opportunities in the digital and innovative industries.