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XChange TEC.INC Announces Acquisition of Hong Kong Insurance Brokerage Firm to Expand Market Presence

1. XHG acquires a Hong Kong-based insurance brokerage firm. 2. This acquisition provides access to Hong Kong’s expanding insurance market. 3. The move supports XHG's Asia-Pacific growth strategy. 4. Rising demand from Chinese clients is a key growth driver. 5. XHG aims to offer tailored insurance solutions in the region.

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Why Bullish?

The acquisition positions XHG to leverage the high-growth Hong Kong market, expanding revenue streams. Successful market entries often precede stock price appreciation, as seen in similar firms entering new regions.

How important is it?

The acquisition directly enhances XHG’s market capabilities, influencing investor sentiment and growth potential positively.

Why Long Term?

While immediate effects may manifest in market perception, long-term growth is anticipated through sustained operations in Asia-Pacific, mirroring historical gains seen in tech-adjacent acquisitions.

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AIGPRUACE
, /PRNewswire/ -- XChange TEC.INC (NASDAQ: XHG) (the "Company"), today announced the acquisition of a Hong Kong-based insurance brokerage firm licensed by the Hong Kong Insurance Authority. This transaction grants the Company direct access to Hong Kong's dynamic insurance market and paves the way for the Company to launch tailored insurance solutions for clients across China and international markets. The acquisition marks a critical milestone in the Company's Asia-Pacific growth strategy. Hong Kong's insurance sector has demonstrated robust growth driven by rising demand from mainland Chinese clients and expatriates seeking international-standard wealth preservation tools. As a gateway linking global capital flows, Hong Kong offers unparalleled opportunities to serve high-net-worth individuals, multinational corporations, and cross-border investors. The Company's entry into Hong Kong market aligns with the vision to become a one-stop hub for clients seeking sophisticated risk management and wealth enhancement solutions. The local regulatory capabilities allow the Company's business team to deliver innovative insurance products that meet the evolving needs of Asia's affluent population. About XChange TEC.INC XChange TEC.INC, through its subsidiaries and consolidated variable interest entities, operates insurance agency and insurance technology business. The insurance agency is PRC-licensed and operates nationwide in the PRC with a wide range of insurance products underwritten by major insurance companies, including industry leading and/or state-owned property and casualty insurance companies as well as certain regional property and casualty insurance companies in China. The insurance technology business is focused on operating and developing insurance technology in the PRC, including developing SaaS platform to connect consumers and underwriting support. Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company's actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. SOURCE XChange TEC.INC WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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