CCTG · CCSC Technology International Holdings Limited Ordinary Shares

CCSC Technology International Holdings Limited (Nasdaq: CCTG) has entered into a material definitive agreement to acquire an AI-enabled smart manufacturing platform from Asia Resource Holdings Limited for a total consideration of $3.8 million, to be paid entirely through the issuance of 6,333,333 Class A ordinary shares at a fixed price of $0.60 per share. The transaction is structured in six batches, each corresponding to specific platform modules (MES, QMS, traceability, equipment integration, AI quality, vision inspection, scheduling, dashboard, and security), with shares issued only after successful acceptance of each batch. This equity-based payment preserves cash and aligns the seller's incentives with long-term shareholder value. Notably, the agreement contains no price reset or anti-dilution provisions, protecting CCSC from future dilution adjustments. Concurrently, Asia Resource Holdings has assigned its right to receive the consideration shares to ten individual assignees via a Deed of Assignment, with the company acknowledging and agreeing to issue the shares directly to those individuals. The platform is intended to support CCSC's manufacturing digitalization, quality management, and multi-factory operations, potentially enhancing operational efficiency and competitiveness. The transaction is subject to compliance with U.S. securities laws and Nasdaq listing rules.