Neutech Group Limited announced a series of joint-venture (“JV”) formations aimed at accelerating its transition into the elderly-care technology market. The transactions, aggregated under Hong Kong Listing Rule 14.22, constitute discloseable transactions as the highest applicable percentage ratio exceeds 5% but remains below 25%. No shareholder approval or circular is required.

Key transaction metrics

• Total registered capital across the five entities reaches RMB170.00 million, of which Neutech’s indirect subsidiaries will contribute RMB131.30 million (77.24%). All contributions are funded through internal resources.

• Partner profile: technology partner Neusoft Corporation (and its subsidiary Neusoft Data) participates in four JVs, while municipal state-owned enterprises from Shanghai, Fuzhou, Nanning, Dalian and Shenyang provide local government backing and industry resources. All partners are classified as Independent Third Parties.

Individual JV details

1. Shanghai Neusoft Ruixin Health Technology Co., Ltd. – Date: 15 Apr 2026 – Registered capital: RMB130.00 million – Ownership: Neutech 80%, Neusoft Data 20% – Initial paid-in tranche: RMB21.60 million by Neutech and RMB5.40 million by Neusoft Data within 30 days of licence issuance. – Strategic role: national holding platform for city-wide smart elderly-care solutions.

2. Fuzhou Fujian Health and Wellness Co., Ltd. – Date: 6 Feb 2026 – Registered capital: RMB10.00 million – Ownership: Neutech 51%, Neusoft Corporation 29%, Fuzhou Urban Management 20%

3. Nanning Digital Wellness Co., Ltd. – Date: 7 Jan 2026 – Registered capital: RMB10.00 million – Ownership: Neutech 80%, Neusoft Data 20%

4. Dalian Digital Health and Wellness Industry Co., Ltd. – Date: 13 Jun 2025 – Registered capital: RMB10.00 million – Ownership: Neutech 51%, Dalian Health Industry 34%, Neusoft Corporation 15%

5. Shenyang Shengqing Health and Wellness Industry Co., Ltd. – Date: 4 Jun 2025 – Registered capital: RMB10.00 million – Ownership: Neutech 51%, Shenyang Venture Capital Management 30%, Neusoft Corporation 15%, Shenyang Data 4%

Governance highlights

• Board composition across the JVs reflects Neutech’s majority control, ranging from two-thirds representation in three-member boards to majority seats in five-member boards.

• Major corporate actions—capital changes, mergers, dissolution and equity pledges—require unanimous or super-majority shareholder approval, depending on the specific JV agreement, safeguarding minority interests and enforcing joint strategic oversight.

Strategic rationale

Neutech is pivoting from its core IT-education business toward “education-driven aging prevention and technology-empowered elderly care,” citing lower higher-education enrolment and rising demand from China’s rapidly aging population. Consolidation with Neusoft’s software capabilities and local SOE resources is expected to accelerate product roll-outs, widen geographic coverage, and enhance capital efficiency. All JV profits will be distributed according to paid-in capital after statutory reserves.

Termination clauses include force majeure, bankruptcy, unanimous dissolution or material breach, providing defined exit mechanisms for all parties.

The board considers the terms fair and commercially beneficial, viewing the partnerships as a catalyst for building a nationwide, smart elderly-care ecosystem.