Jack Technology: Plans to acquire 100% equity of Comelz S.p.A. through a wholly-owned subsidiary for €140 million.

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Jack Technology’s announcement: it plans to acquire 100% of the equity interests of Comelz S.p.A. in a cash transaction through its wholly owned subsidiary, Toka Benma Mechanical and Electrical Technology Co., Ltd., using its Italian wholly owned subsidiary, Bullmer Italia S.r.l. This transaction values the target company on a “zero cash and zero debt” basis, with an enterprise value of 140 million euros; the final purchase consideration will be determined based on the audited data in the financial statements for the final closing date and the relevant provisions of the “Purchase Agreement.” Based on preliminary estimates from the target company’s unaudited financial statements for 2025, the transaction price for this 100% equity interests acquisition is approximately 116 million euros. After completion of this transaction, the target company will be included in the consolidated financial statements of the listed company.

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