Linkers Asia Pacific Agrees To Acquire 150,800 Outstanding Shares Of LPW Electronics From Linkers Industries CEO Man Tak Lau For ~$2.35M

Linkers Industries Limited (NASDAQ:LNKS) ("Linkers" or the "Company"), a manufacturer and a supplier of wire/cable harnesses with operation in Malaysia, today announced entering into a material definitive agreement.

On June 17, 2026, Linkers Industries Limited, a business company incorporated under the laws of the British Virgin Islands, through its wholly-owned subsidiary, Linkers Asia Pacific Limited, entered into a sales and purchase agreement (the "Sale and Purchase Agreement") with Mr. Man Tak Lau ("Mr. Lau"), the chairman of the board of directors of the Company, pursuant to which Linkers Asia Pacific Limited conditionally agreed to purchase, and Mr. Lau, conditionally agreed to sell, 150,800 shares, or twenty nine (29) percent of the outstanding shares, of LPW Electronics Co., Ltd. ("LPW"), the consideration is approximately US$2,350,000.  Meanwhile, all outstanding amounts owed by LPW to an associate, totaling approximately US$6,160,000, together with the foregoing, shall be settled in cash upon closing (the "Transaction"). Immediately prior to the closing of the Transaction, the Company currently owns 20% of the equity interests in LPW. Upon closing of the Transaction, the Company will own up to 49% of the equity interests in LPW. Closing of the expected is on and around June 17, 2026.