According to Zhitong Finance APP, Gofintech Innov (00290) announced that on June 12, 2024, the buyer, Chuangqi International Limited (a wholly-owned subsidiary of the company), and the seller, Liu Zhiwei (the major shareholder and former chairman and executive Director of the company), entered into a stock transfer agreement, under which the buyer conditionally agreed to acquire and the seller conditionally agreed to sell the target equity (i.e. 4.2726% of the entire equity interest of the target company, Shenzhen Liangxuan Technology Co., Ltd.) for a consideration of HKD 39.5 million.

It is reported that the target company is mainly engaged in the research and development, production and sales of quantum computers. The company is one of the few companies in the world that can develop and produce complete quantum computers in the field of quantum computing. Its patented technologies and products include superconducting quantum chip computers, desktop nuclear magnetic resonance quantum computers, quantum computing application algorithms, and cloud platform technologies, among others.

Private equity investment is one of the group's main business sectors as well as a strategic focus. The company has always been actively seeking opportunities to further expand and diversify its investment portfolio, expanding into innovative industries that meet the company's strategic objectives. The board of directors believes that businesses related to breakthrough technologies such as quantum computing and quantum communication technology applications are expected to experience exponential growth and development in the coming years. In terms of national support, the development of quantum technology is a national strategy in China. As stated in the "2024 Government Work Report" released by the Chinese government in March 2024, the country advocates "developing future industry development plans and opening up new tracks in quantum technology, life sciences and other fields". The report further indicates that "innovative achievements in cutting-edge technology fields such as artificial intelligence and quantum technology continue to emerge". The Chinese government's high attention to quantum technology will continue to drive its growth and inject strong momentum into the development of quantum technology and its applications in the coming years.

Quantum technology is a key scientific research area that the Chinese government highly values. Quantum technology has tremendous application potential, and in recent years, the research and application of quantum technology has shown vigorous development. The target company is a leading enterprise in the field of quantum computing, and its quantum computing products have been industrialized. The target company is one of the few companies in China that can develop and manufacture complete quantum computers.

The board of directors believes that, based on the appraisal value of the target equity, the consideration for the acquisition is a discount price (the adjustment factors considered include liquidity and the nature of the proposed transaction). In addition, the acquisition will bring huge strategic value to the group, not only benefiting the group in exploring the development potential of cutting-edge quantum computing technology, but also helping the group realize economic benefits in the long run by using the growth potential of this industry and the target company.