<p>/PRNewswire/ -- Massimo Group (NASDAQ: MAMO)（&#34;Massimo&#34;或&#34;公司&#34;）是一家领先的美国动力运动车辆和电动出行解决方案的制造商和分销商，今天宣布已签署一份非约束性意向书（&#34;LOI&#34;），计划收购 FST Development Company Limited（&#34;FST&#34;）100% 的股权，FST 是一家专注于智能硬件和人工智能驱动系统级解决方案的科技公司。</p>
<p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2376863/Massimo_Group_Logo.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2376863/Massimo_Group_Logo.jpg"/></p>
<p>此次拟议交易代表了 Massimo 的一个重大战略里程碑，使公司处于两个快速扩展的全球趋势的交汇点：人工智能驱动的户外出行和下一代数字健康机器人。</p>
<p><strong>交易概述</strong></p>
<p>根据 LOI 中列出的条款：</p>
<ul>
<li>FST 的估值在约 3800 万美元至 5000 万美元之间，反映其专有技术、集成的硬件 - 软件能力和增长潜力；</li>
<li>Massimo 计划以约 2700 万美元至 3500 万美元的总购买对价收购 FST 的 100% 股权；</li>
<li>购买对价可以通过发行 Massimo 普通股、支付等值现金或两者的组合来满足，具体将在最终交易文件中达成一致；</li>
<li>与交易相关的任何股权对价将在交易完成后有六个月的合同锁定期；</li>
<li>这些股份的释放（如有）将取决于收购后业绩里程碑的达成以及 FST 运营的成功整合，具体由 Massimo Group 首席执行官全权决定。</li>
</ul>
<p><strong>战略理由</strong></p>
<p>随着人口变化、可持续发展优先事项和快速技术进步不断重塑传统行业，Massimo 认为智能、连接和数据驱动的系统代表了户外出行和设备制造的下一个发展阶段。同时，全球对主动、个性化和可扩展健康解决方案的需求正在加速，主要受到全球老龄化人口的推动。</p>
<p>通过收购 FST 的全部股权，Massimo 计划将其制造规模、品牌实力和全国分销网络与 FST 的全栈人工智能能力整合，包括智能控制平台、健康技术模块和专有人工智能中间件。交易成功完成后，Massimo 预计将能够构建一个统一的智能生态系统，涵盖出行、健康和先进系统智能。</p>
<p><strong>预期协同效应和增长机会</strong></p>
<p>在收购完成后，合并后的组织预计将：</p>
<ul>
<li>将 FST 的人工智能驱动控制平台、健康技术模块和专有中间件嵌入 Massimo 的下一代 UTV、ATV 和海洋产品线；</li>
<li>缩短产品开发周期；</li>
<li>降低综合研发和系统集成成本；</li>
<li>加快智能、连接和差异化产品的上市时间；</li>
<li>使 Massimo 能够进入高增长的人工智能健康机器人市场，FST 已经在该市场提供医疗级硬件和预测健康算法。</li>
</ul>
<p><strong>管理层评论</strong></p>
<p>&#34;这笔交易不仅仅是一次收购——它是一次战略转型，&#34;Massimo Group 首席执行官 David Shan 表示。&#34;通过将 FST 完全纳入 Massimo 组织，我们将坚固、可靠的车辆传统与先进的人工智能驱动系统和软件智能相结合。我们的目标是使户外体验更安全、健康监测更主动、先进技术更易获取，同时保持严谨的执行和长期价值创造。&#34;</p>
<p>FST 首席执行官补充道，&#34;成为 Massimo 的一部分将为我们提供一个强大的平台，将我们的技术从单个模块扩展到完全集成的生态系统。凭借 Massimo 的运营实力和全球影响力，我们的硬件 - 软件创新可以更快、更大规模地部署。&#34;</p>
<p><strong>时间表和条件</strong></p>
<p>LOI 规定了一个为期 60 天的独占期，在此期间双方将进行确认性尽职调查并谈判最终交易文件。双方计划在 2026 年 3 月底之前签署最终协议，具体取决于包括以下在内的惯例成交条件：</p>
<ul>
<li>各自董事会的批准；</li>
<li>获得适用的监管批准；以及</li>
<li>完成令人满意的财务、法律和运营尽职调查。</li>
</ul>
<p><strong>LOI 的非约束性</strong></p>
<p>LOI 是非约束性的，不要求任何一方完成拟议交易。不能保证最终协议会被签署或收购会完成。</p>
<p><strong>关于 FST Development Company Limited</strong></p>
<p>FST Development Company Limited 是一家专注于智能硬件和系统级解决方案的技术开发公司。该公司为户外动力设备和人工智能健康机器人应用提供深度集成的硬件 - 软件模块和 ODM/OEM 服务。</p>
<p><strong>关于 Massimo Group</strong></p>
<p>Massimo Group（NASDAQ: MAMO）是一家总部位于美国的动力运动车辆、实用地形车辆（UTV）、电动出行解决方案及相关配件的制造商和分销商，通过全国经销商网络为客户提供服务。</p>
<p><strong>前瞻性声明</strong></p>
<p>本新闻稿包含根据联邦证券法定义的 “前瞻性声明”。前瞻性声明基于当前的预期、估计、预测和假设，并不保证未来的表现。诸如 “预期”、“打算”、“计划”、“预计”、“相信”、“可能”、“将”、“能够”、“寻求”、“目标” 等词语旨在识别此类前瞻性声明。前瞻性声明包括但不限于关于拟收购 FST Development Company Limited 的声明、谈判和执行最终协议的预期时间和过程（包括在 60 天的独占期内以及在 2026 年 3 月底之前）、满足成交条件、预期的协同效应和战略利益、预计的开发周期和成本的减少、加快上市时间、计划将 FST 的人工智能驱动控制平台、健康技术模块和专有中间件整合到 Massimo Group 的产品线中，以及 Massimo 可能进入人工智能健康机器人市场。这些声明受到风险和不确定性的影响，可能导致实际结果与所表达或暗示的结果存在重大差异，包括但不限于：意向书是非约束性的，不要求任何一方完成拟议交易；各方可能无法在预期的时间表上或根本达成最终协议；确认性尽职调查可能会产生改变各方计划或经济条款的发现；未能获得各自董事会的必要批准；未能获得、获得延迟或在所需监管批准方面施加繁重条件；未能满足其他成交条件；拟议交易如果完成，可能无法在预期的时间框架内或根本实现预期的战略或财务利益；整合 FST 的技术、运营、人员和知识产权的挑战；智能和连接产品及人工智能健康机器人市场的采用速度；对第三方供应商和制造合作伙伴的依赖；知识产权的保护和执行；网络安全、数据隐私和数据治理风险；竞争反应；经济、市场或行业条件的变化；以可接受的条款获得资本和融资的可用性；以及 Massimo Group 在美国证券交易委员会的文件中不时描述的其他风险和不确定性。前瞻性声明仅在作出之日有效。Massimo Group 没有义务更新或修订任何前瞻性声明，无论是由于新信息、未来事件还是其他原因，法律要求的除外。</p>
<p><strong>公司联系方式</strong></p>
<p><strong>Quenton Petersen</strong> <strong>副总裁</strong></p>
<p>Massimo Group</p>
<p>电子邮件: <strong>ir@massimomotor.com</strong></p>
<p>来源：Massimo Group</p>

MAMO

<p>Massimo 集团已签署一份非约束性的意向书，计划以约 2700 万至 3500 万美元收购 FST Development Company Limited 的 100% 股份，该公司是一家专注于人工智能驱动解决方案的科技公司。此次收购旨在增强 Massimo 在人工智能驱动的移动和健康技术方面的能力。该交易预计将通过将 FST 的技术整合到 Massimo 的产品线中，创造协同效应，缩短开发周期，并进入人工智能健康机器人市场。意向书包括为期 60 天的独占期，以进行尽职调查和谈判，最终协议预计在 2026 年 3 月达成，需遵循监管批准和其他条件</p>

<p>, /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) (&#34;Massimo&#34; or the &#34;Company&#34;), a leading U.S. manufacturer and distributor of powersports vehicles and electric mobility solutions, today announced that it has entered into a non-binding Letter of Intent (&#34;LOI&#34;) to acquire 100% of the equity interests of FST Development Company Limited (&#34;FST&#34;), a technology company specializing in intelligent hardware and AI-driven system-level solutions.</p>
<div class="lb-trans"><p>/PRNewswire/ -- Massimo Group (NASDAQ: MAMO)（&#34;Massimo&#34;或&#34;公司&#34;）是一家领先的美国动力运动车辆和电动出行解决方案的制造商和分销商，今天宣布已签署一份非约束性意向书（&#34;LOI&#34;），计划收购 FST Development Company Limited（&#34;FST&#34;）100% 的股权，FST 是一家专注于智能硬件和人工智能驱动系统级解决方案的科技公司。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://mma.prnewswire.com/media/2376863/Massimo_Group_Logo.jpg" alt="" original-src="https://mma.prnewswire.com/media/2376863/Massimo_Group_Logo.jpg"/></p>
<p>The proposed transaction represents a major strategic milestone for Massimo, positioning the Company at the convergence of two rapidly expanding global trends: AI-enabled outdoor mobility and next-generation digital health robotics.</p>
<div class="lb-trans"><p>此次拟议交易代表了 Massimo 的一个重大战略里程碑，使公司处于两个快速扩展的全球趋势的交汇点：人工智能驱动的户外出行和下一代数字健康机器人。</p>
</div><p><strong>Transaction Overview</strong></p>
<div class="lb-trans"><p><strong>交易概述</strong></p>
</div><p>Under the terms outlined in the LOI:</p>
<div class="lb-trans"><p>根据 LOI 中列出的条款：</p>
</div><ul>
<li>FST is valued at a pre-money equity valuation of approximately US$38 million to US$50 million, reflecting its proprietary technology, integrated hardware-software capabilities, and growth potential;</li>
<li>Massimo intends to acquire 100% of FST's equity interests for total purchase consideration ranging from approximately US$27 million to US$35 million;</li>
<li>The purchase consideration may be satisfied through the issuance of Massimo common stock, payment of cash of equivalent value, or a combination of both, as to be agreed in the definitive transaction documents;</li>
<li>Any equity consideration issued in connection with the transaction will be subject to a six-month contractual lock-up period following the closing;</li>
<li>The release of such shares, if any, will be contingent upon the achievement of post-acquisition performance milestones and the successful integration of FST's operations, as determined at the sole discretion of Massimo Group's Chief Executive Officer.</li>
</ul>
<div class="lb-trans"><ul>
<li>FST 的估值在约 3800 万美元至 5000 万美元之间，反映其专有技术、集成的硬件 - 软件能力和增长潜力；</li>
<li>Massimo 计划以约 2700 万美元至 3500 万美元的总购买对价收购 FST 的 100% 股权；</li>
<li>购买对价可以通过发行 Massimo 普通股、支付等值现金或两者的组合来满足，具体将在最终交易文件中达成一致；</li>
<li>与交易相关的任何股权对价将在交易完成后有六个月的合同锁定期；</li>
<li>这些股份的释放（如有）将取决于收购后业绩里程碑的达成以及 FST 运营的成功整合，具体由 Massimo Group 首席执行官全权决定。</li>
</ul>
</div><p><strong>Strategic Rationale</strong></p>
<div class="lb-trans"><p><strong>战略理由</strong></p>
</div><p>As demographic changes, sustainability priorities and rapid technological advancement continue to reshape traditional industries, Massimo believes that intelligence, connectivity and data-driven systems represent the next evolution of outdoor mobility and equipment manufacturing. At the same time, global demand for proactive, personalized and scalable health solutions is accelerating, driven in large part by aging populations worldwide.</p>
<div class="lb-trans"><p>随着人口变化、可持续发展优先事项和快速技术进步不断重塑传统行业，Massimo 认为智能、连接和数据驱动的系统代表了户外出行和设备制造的下一个发展阶段。同时，全球对主动、个性化和可扩展健康解决方案的需求正在加速，主要受到全球老龄化人口的推动。</p>
</div><p>By acquiring full ownership of FST, Massimo plans to integrate its manufacturing scale, brand strength, and nationwide distribution network with FST's full-stack AI capabilities, including intelligent control platforms, health-technology modules and proprietary AI middleware. Upon successful closing, Massimo expects the transaction will enable it to build a unified intelligent ecosystem spanning mobility, health and advanced system intelligence.</p>
<div class="lb-trans"><p>通过收购 FST 的全部股权，Massimo 计划将其制造规模、品牌实力和全国分销网络与 FST 的全栈人工智能能力整合，包括智能控制平台、健康技术模块和专有人工智能中间件。交易成功完成后，Massimo 预计将能够构建一个统一的智能生态系统，涵盖出行、健康和先进系统智能。</p>
</div><p><strong>Expected Synergies and Growth Opportunities</strong></p>
<div class="lb-trans"><p><strong>预期协同效应和增长机会</strong></p>
</div><p>Following completion of the acquisition, the combined organization is expected to:</p>
<div class="lb-trans"><p>在收购完成后，合并后的组织预计将：</p>
</div><ul>
<li>Embed FST's AI-driven control platforms, health-technology modules, and proprietary middleware into Massimo's next-generation UTV, ATV and marine product lines;</li>
<li>Reduce product development cycles;</li>
<li>Lower comprehensive R&amp;D and system integration costs;</li>
<li>Accelerate time-to-market for intelligent, connected and differentiated products; and</li>
<li>Enable Massimo to enter the high-growth AI health robotics market, where FST already delivers medical-grade hardware and predictive health algorithms.</li>
</ul>
<div class="lb-trans"><ul>
<li>将 FST 的人工智能驱动控制平台、健康技术模块和专有中间件嵌入 Massimo 的下一代 UTV、ATV 和海洋产品线；</li>
<li>缩短产品开发周期；</li>
<li>降低综合研发和系统集成成本；</li>
<li>加快智能、连接和差异化产品的上市时间；</li>
<li>使 Massimo 能够进入高增长的人工智能健康机器人市场，FST 已经在该市场提供医疗级硬件和预测健康算法。</li>
</ul>
</div><p><strong>Management Commentary</strong></p>
<div class="lb-trans"><p><strong>管理层评论</strong></p>
</div><p>&#34;This transaction represents more than an acquisition—it is a strategic transformation,&#34; said David Shan, Chief Executive Officer of Massimo Group. &#34;By bringing FST fully into the Massimo organization, we are combining our legacy of rugged, reliable vehicles with advanced AI-driven systems and software intelligence. Our objective is to make outdoor experiences safer, health monitoring more proactive, and advanced technology more accessible, while maintaining disciplined execution and long-term value creation.&#34;</p>
<div class="lb-trans"><p>&#34;这笔交易不仅仅是一次收购——它是一次战略转型，&#34;Massimo Group 首席执行官 David Shan 表示。&#34;通过将 FST 完全纳入 Massimo 组织，我们将坚固、可靠的车辆传统与先进的人工智能驱动系统和软件智能相结合。我们的目标是使户外体验更安全、健康监测更主动、先进技术更易获取，同时保持严谨的执行和长期价值创造。&#34;</p>
</div><p>FST's Chief Executive Officer added, &#34;Becoming part of Massimo will provide us with a powerful platform to scale our technology from individual modules to fully integrated ecosystems. With Massimo's operational strength and global reach, our hardware-software innovations can be deployed faster and at significantly greater scale.&#34;</p>
<div class="lb-trans"><p>FST 首席执行官补充道，&#34;成为 Massimo 的一部分将为我们提供一个强大的平台，将我们的技术从单个模块扩展到完全集成的生态系统。凭借 Massimo 的运营实力和全球影响力，我们的硬件 - 软件创新可以更快、更大规模地部署。&#34;</p>
</div><p><strong>Timeline and Conditions</strong></p>
<div class="lb-trans"><p><strong>时间表和条件</strong></p>
</div><p>The LOI provides for a 60-day exclusivity period during which the parties will conduct confirmatory due diligence and negotiate definitive transaction documents. The parties intend to execute final agreements by late March 2026, subject to customary closing conditions, including:</p>
<div class="lb-trans"><p>LOI 规定了一个为期 60 天的独占期，在此期间双方将进行确认性尽职调查并谈判最终交易文件。双方计划在 2026 年 3 月底之前签署最终协议，具体取决于包括以下在内的惯例成交条件：</p>
</div><ul>
<li>Approval by the respective boards of directors;</li>
<li>Receipt of applicable regulatory approvals; and</li>
<li>Completion of satisfactory financial, legal, and operational due diligence.</li>
</ul>
<div class="lb-trans"><ul>
<li>各自董事会的批准；</li>
<li>获得适用的监管批准；以及</li>
<li>完成令人满意的财务、法律和运营尽职调查。</li>
</ul>
</div><p><strong>Non-Binding Nature of the LOI</strong></p>
<div class="lb-trans"><p><strong>LOI 的非约束性</strong></p>
</div><p>The LOI is non-binding and does not obligate either party to consummate the proposed transaction. There can be no assurance that definitive agreements will be executed or that the acquisition will be completed.</p>
<div class="lb-trans"><p>LOI 是非约束性的，不要求任何一方完成拟议交易。不能保证最终协议会被签署或收购会完成。</p>
</div><p><strong>About FST Development Company Limited</strong></p>
<div class="lb-trans"><p><strong>关于 FST Development Company Limited</strong></p>
</div><p>FST Development Company Limited is a technology developer focused on intelligent hardware and system-level solutions. The company provides deeply integrated hardware-software modules and ODM/OEM services for outdoor power equipment and AI health robotics applications.</p>
<div class="lb-trans"><p>FST Development Company Limited 是一家专注于智能硬件和系统级解决方案的技术开发公司。该公司为户外动力设备和人工智能健康机器人应用提供深度集成的硬件 - 软件模块和 ODM/OEM 服务。</p>
</div><p><strong>About Massimo Group</strong></p>
<div class="lb-trans"><p><strong>关于 Massimo Group</strong></p>
</div><p>Massimo Group (NASDAQ: MAMO) is a U.S.-based manufacturer and distributor of powersports vehicles, utility terrain vehicles (UTVs), electric mobility solutions, and related accessories, serving customers through a nationwide dealer network.</p>
<div class="lb-trans"><p>Massimo Group（NASDAQ: MAMO）是一家总部位于美国的动力运动车辆、实用地形车辆（UTV）、电动出行解决方案及相关配件的制造商和分销商，通过全国经销商网络为客户提供服务。</p>
</div><p><strong>Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>前瞻性声明</strong></p>
</div><p>This press release contains &#34;forward-looking statements&#34; within the meaning of the federal securities laws. Forward-looking statements are based on current expectations, estimates, projections, and assumptions, and are not guarantees of future performance. Words such as &#34;expects,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;anticipates,&#34; &#34;believes,&#34; &#34;may,&#34; &#34;will,&#34; &#34;could,&#34; &#34;seek,&#34; &#34;target,&#34; and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include, without limitation, statements regarding the proposed acquisition of FST Development Company Limited, the anticipated timing and process for negotiating and executing definitive agreements (including within the 60-day exclusivity period and by late March 2026), the satisfaction of closing conditions, expected synergies and strategic benefits, projected reductions in development cycles and costs, accelerated time-to-market, planned integration of FST's AI-driven control platforms, health-technology modules, and proprietary middleware into Massimo Group's product lines, and Massimo's potential entry into the AI health robotics market. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including, among others, that the letter of intent is non-binding and does not obligate either party to consummate the proposed transaction; the parties may not reach definitive agreements on the expected timeline or at all; confirmatory due diligence may yield findings that alter the parties' plans or economic terms; failure to obtain necessary approvals from the respective boards of directors; failure to obtain, delays in obtaining, or imposition of burdensome conditions in connection with required regulatory approvals; failure to satisfy other closing conditions; the risk that the proposed transaction, if completed, may not achieve the anticipated strategic or financial benefits in the expected timeframe or at all; challenges integrating FST's technologies, operations, personnel, and intellectual property; the pace of market adoption of intelligent and connected products and AI health robotics; reliance on third-party suppliers and manufacturing partners; protection and enforcement of intellectual property; cybersecurity, data privacy, and data governance risks; competitive responses; changes in economic, market, or industry conditions; availability of capital and financing on acceptable terms; and other risks and uncertainties described from time to time in Massimo Group's filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Massimo Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.</p>
<div class="lb-trans"><p>本新闻稿包含根据联邦证券法定义的 “前瞻性声明”。前瞻性声明基于当前的预期、估计、预测和假设，并不保证未来的表现。诸如 “预期”、“打算”、“计划”、“预计”、“相信”、“可能”、“将”、“能够”、“寻求”、“目标” 等词语旨在识别此类前瞻性声明。前瞻性声明包括但不限于关于拟收购 FST Development Company Limited 的声明、谈判和执行最终协议的预期时间和过程（包括在 60 天的独占期内以及在 2026 年 3 月底之前）、满足成交条件、预期的协同效应和战略利益、预计的开发周期和成本的减少、加快上市时间、计划将 FST 的人工智能驱动控制平台、健康技术模块和专有中间件整合到 Massimo Group 的产品线中，以及 Massimo 可能进入人工智能健康机器人市场。这些声明受到风险和不确定性的影响，可能导致实际结果与所表达或暗示的结果存在重大差异，包括但不限于：意向书是非约束性的，不要求任何一方完成拟议交易；各方可能无法在预期的时间表上或根本达成最终协议；确认性尽职调查可能会产生改变各方计划或经济条款的发现；未能获得各自董事会的必要批准；未能获得、获得延迟或在所需监管批准方面施加繁重条件；未能满足其他成交条件；拟议交易如果完成，可能无法在预期的时间框架内或根本实现预期的战略或财务利益；整合 FST 的技术、运营、人员和知识产权的挑战；智能和连接产品及人工智能健康机器人市场的采用速度；对第三方供应商和制造合作伙伴的依赖；知识产权的保护和执行；网络安全、数据隐私和数据治理风险；竞争反应；经济、市场或行业条件的变化；以可接受的条款获得资本和融资的可用性；以及 Massimo Group 在美国证券交易委员会的文件中不时描述的其他风险和不确定性。前瞻性声明仅在作出之日有效。Massimo Group 没有义务更新或修订任何前瞻性声明，无论是由于新信息、未来事件还是其他原因，法律要求的除外。</p>
</div><p><strong>Company Contact</strong></p>
<div class="lb-trans"><p><strong>公司联系方式</strong></p>
</div><p><strong>Quenton Petersen</strong> <strong>Vice President</strong></p>
<div class="lb-trans"><p><strong>Quenton Petersen</strong> <strong>副总裁</strong></p>
</div><p>Massimo Group</p>
<div class="lb-trans"><p>Massimo Group</p>
</div><p>Email: <strong>ir@massimomotor.com</strong></p>
<div class="lb-trans"><p>电子邮件: <strong>ir@massimomotor.com</strong></p>
</div><p>SOURCE Massimo Group</p>
<div class="lb-trans"><p>来源：Massimo Group</p>
</div>

Massimo Group Signs Letter of Intent to Acquire 100% of AI technology company FST in Drive to Accelerate Its AI-Powered Mobility and Health Technology Strategy | MAMO Stock News

Massimo 集团签署意向书，计划收购 AI 技术公司 FST 的全部股份，以推动其 AI 驱动的移动和健康技术战略的加速发展 | MAMO 股票新闻