Youngtek Electronics Corporation (TPEX:6261) agreed to acquire factory building ancillary equipment and facilities at Hsinchu City from Kest Systems & Service Ltd. for TWD 190 million on May 24, 2024. The consideration consists of 10% within two working days after the entry of the agreement 40% within three working days after the receipt of the approval from the competent authority on the transfer of the factory 47% within two working days after delivery of title transfer registration documents to the appointed scrivener and 3% upon handover of the Property. The transaction is subject to approval from the competent authority and shareholders of Kest Systems & Service Ltd.