Cowell e to sell surplus machinery to Luxvisions for up to RMB 40 million

• Cowell e entered machinery sale agreement with controlling shareholder Luxvisions Innovation Technology Corp on May 7, 2026, for disposal of surplus and underutilized production equipment.
• Consideration set at up to RMB 40 million in cash, subject to adjustment based on unaudited net asset value as of May 31, 2026, plus final equipment mix and delivery costs.
• Machinery carried unaudited net asset value of about RMB 39.8 million as of March 31, 2026; original acquisition cost totaled about RMB 53.08 million.
• Transaction expected to generate no material gain or loss; proceeds earmarked for general working capital.
• Deal treated as connected transaction; aggregated with September 2025 machinery sale agreement, remaining below 5% on applicable size tests.

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. Cowell e Holdings Inc. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260507-12151943), on May 07, 2026, and is solely responsible for the information contained therein.