Unisplendour Corporation Limit agreed to acquire remaining 49% stake in New H3C Technologies Co., Ltd. from H3C Holdings Limited and Izar Holding Co. on December 30, 2022. The consideration will be paid in cash, at a price per share of 15.0 times the last twelve months' post-tax profit of H3C (measured as of the period ending April 30, 2022) divided by the total number of H3C shares outstanding as of the date of the put notice.

The parties within 30 days will determine the purchase price of the shares and enter into a share purchase agreement. The consummation of the disposition is subject to conditions including regulatory and shareholder approvals. It is expected that the disposition will take place in 2023, unless extended.

Proceeds from disposition will be used for repayment and/or redemption of outstanding debt, and general corporate purposes.