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On September 17, 2025, Qtech India, a subsidiary of Qtech Global, along with its selling shareholders (Qtech Singapore and Qtech International), entered into a share subscription and purchase agreement with Dixon, a prominent local enterprise in India. In this deal, Dixon is set to acquire a 51.08% stake in Qtech India. The total consideration for this acquisition amounts to roughly INR 5.53 billion (equivalent to approximately RMB 447 million). This breaks down into two parts: a share purchase consideration of INR 4.28 billion and a share subscription consideration of INR 1.25 billion. Once the transaction is finalized, the ownership structure of Qtech India will change significantly. Dixon will hold a 51.08% stake, while Qtech Global's share will drop to 48.92%. Consequently, Qtech India will cease to be part of Qtech Global's consolidated financial statements.
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