Brightstar Technology Group Limited ("Brightstar Tech") announced after trading hours on September 25, 2024, that it has signed a memorandum of understanding with Jiangsu Zhumengsi Sporting Goods Co., Ltd. ("Jiangsu Zhumengsi"), planning to acquire the equity of Jiangsu Zhumengsi through capital injection or equity transfer. The memorandum of understanding is a non-legally binding document and includes an exclusive negotiation period until December 31, 2024. Brightstar Tech will conduct due diligence on Jiangsu Zhumengsi and strive to reach a legally binding formal agreement within the exclusive negotiation period. Jiangsu Zhumengsi focuses on the research and innovation of health technology sports products. Brightstar Tech believes that this potential acquisition will help expand its range of sports technology applications and bring diversified income to the group. Currently, the specific terms and conditions of the acquisition are still under negotiation.

Brightstar Technology Group Limited ("Brightstar Tech") announced after trading hours on September 25, 2024, that it has signed a memorandum of understanding with Jiangsu Zhumengsi Sporting Goods Co., Ltd. ("Jiangsu Zhumengsi"), planning to acquire the equity of Jiangsu Zhumengsi through capital injection or equity transfer. The memorandum of understanding is a non-legally binding document and includes an exclusive negotiation period until December 31, 2024. Brightstar Tech will conduct due diligence on Jiangsu Zhumengsi and strive to reach a legally binding formal agreement within the exclusive negotiation period. Jiangsu Zhumengsi focuses on the research and innovation of health technology sports products. Brightstar Tech believes that this potential acquisition will help expand its range of sports technology applications and bring diversified income to the group. Currently, the specific terms and conditions of the acquisition are still under negotiation.