C.banner says target AI data services unit has RMB 63.6 million net assets at end-2025

• C.banner issued a supplemental clarification on its disclosed acquisition and subscription for equity in an AI data services target.
• Target net assets were about RMB 63.6 million as of Dec. 31, 2025, based on audited accounts.
• Deal pricing used no independent valuation; consideration was set at an implied P/E of about 16x, implying RMB 180 million pre-money valuation.
• Benchmarking started from Datatang’s implied 42x P/E, discounted 25% for illiquidity to about 32x, then cut a further 50% in negotiations.
• RMB 150 million subscription proceeds are earmarked for capacity expansion and technology investment; the group plans a “Footwear + AI Data” dual-segment structure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. C.banner International Holdings Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260714-12244204), on July 14, 2026, and is solely responsible for the information contained therein.