<p>/PRNewswire/ -- Massimo Group (NASDAQ: MAMO)（&#34;Massimo&#34;或&#34;公司&#34;）是一家領先的美國動力運動車輛和電動出行解決方案的製造商和分銷商，今天宣佈已簽署一份非約束性意向書（&#34;LOI&#34;），計劃收購 FST Development Company Limited（&#34;FST&#34;）100% 的股權，FST 是一家專注於智能硬件和人工智能驅動系統級解決方案的科技公司。</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>此次擬議交易代表了 Massimo 的一個重大戰略里程碑，使公司處於兩個快速擴展的全球趨勢的交匯點：人工智能驅動的户外出行和下一代數字健康機器人。</p>
<p><strong>交易概述</strong></p>
<p>根據 LOI 中列出的條款：</p>
<ul>
<li>FST 的估值在約 3800 萬美元至 5000 萬美元之間，反映其專有技術、集成的硬件 - 軟件能力和增長潛力；</li>
<li>Massimo 計劃以約 2700 萬美元至 3500 萬美元的總購買對價收購 FST 的 100% 股權；</li>
<li>購買對價可以通過發行 Massimo 普通股、支付等值現金或兩者的組合來滿足，具體將在最終交易文件中達成一致；</li>
<li>與交易相關的任何股權對價將在交易完成後有六個月的合同鎖定期；</li>
<li>這些股份的釋放（如有）將取決於收購後業績里程碑的達成以及 FST 運營的成功整合，具體由 Massimo Group 首席執行官全權決定。</li>
</ul>
<p><strong>戰略理由</strong></p>
<p>隨着人口變化、可持續發展優先事項和快速技術進步不斷重塑傳統行業，Massimo 認為智能、連接和數據驅動的系統代表了户外出行和設備製造的下一個發展階段。同時，全球對主動、個性化和可擴展健康解決方案的需求正在加速，主要受到全球老齡化人口的推動。</p>
<p>通過收購 FST 的全部股權，Massimo 計劃將其製造規模、品牌實力和全國分銷網絡與 FST 的全棧人工智能能力整合，包括智能控制平台、健康技術模塊和專有人工智能中間件。交易成功完成後，Massimo 預計將能夠構建一個統一的智能生態系統，涵蓋出行、健康和先進系統智能。</p>
<p><strong>預期協同效應和增長機會</strong></p>
<p>在收購完成後，合併後的組織預計將：</p>
<ul>
<li>將 FST 的人工智能驅動控制平台、健康技術模塊和專有中間件嵌入 Massimo 的下一代 UTV、ATV 和海洋產品線；</li>
<li>縮短產品開發週期；</li>
<li>降低綜合研發和系統集成成本；</li>
<li>加快智能、連接和差異化產品的上市時間；</li>
<li>使 Massimo 能夠進入高增長的人工智能健康機器人市場，FST 已經在該市場提供醫療級硬件和預測健康算法。</li>
</ul>
<p><strong>管理層評論</strong></p>
<p>&#34;這筆交易不僅僅是一次收購——它是一次戰略轉型，&#34;Massimo Group 首席執行官 David Shan 表示。&#34;通過將 FST 完全納入 Massimo 組織，我們將堅固、可靠的車輛傳統與先進的人工智能驅動系統和軟件智能相結合。我們的目標是使户外體驗更安全、健康監測更主動、先進技術更易獲取，同時保持嚴謹的執行和長期價值創造。&#34;</p>
<p>FST 首席執行官補充道，&#34;成為 Massimo 的一部分將為我們提供一個強大的平台，將我們的技術從單個模塊擴展到完全集成的生態系統。憑藉 Massimo 的運營實力和全球影響力，我們的硬件 - 軟件創新可以更快、更大規模地部署。&#34;</p>
<p><strong>時間表和條件</strong></p>
<p>LOI 規定了一個為期 60 天的獨佔期，在此期間雙方將進行確認性盡職調查並談判最終交易文件。雙方計劃在 2026 年 3 月底之前簽署最終協議，具體取決於包括以下在內的慣例成交條件：</p>
<ul>
<li>各自董事會的批准；</li>
<li>獲得適用的監管批准；以及</li>
<li>完成令人滿意的財務、法律和運營盡職調查。</li>
</ul>
<p><strong>LOI 的非約束性</strong></p>
<p>LOI 是非約束性的，不要求任何一方完成擬議交易。不能保證最終協議會被簽署或收購會完成。</p>
<p><strong>關於 FST Development Company Limited</strong></p>
<p>FST Development Company Limited 是一家專注於智能硬件和系統級解決方案的技術開發公司。該公司為户外動力設備和人工智能健康機器人應用提供深度集成的硬件 - 軟件模塊和 ODM/OEM 服務。</p>
<p><strong>關於 Massimo Group</strong></p>
<p>Massimo Group（NASDAQ: MAMO）是一家總部位於美國的動力運動車輛、實用地形車輛（UTV）、電動出行解決方案及相關配件的製造商和分銷商，通過全國經銷商網絡為客户提供服務。</p>
<p><strong>前瞻性聲明</strong></p>
<p>本新聞稿包含根據聯邦證券法定義的 “前瞻性聲明”。前瞻性聲明基於當前的預期、估計、預測和假設，並不保證未來的表現。諸如 “預期”、“打算”、“計劃”、“預計”、“相信”、“可能”、“將”、“能夠”、“尋求”、“目標” 等詞語旨在識別此類前瞻性聲明。前瞻性聲明包括但不限於關於擬收購 FST Development Company Limited 的聲明、談判和執行最終協議的預期時間和過程（包括在 60 天的獨佔期內以及在 2026 年 3 月底之前）、滿足成交條件、預期的協同效應和戰略利益、預計的開發週期和成本的減少、加快上市時間、計劃將 FST 的人工智能驅動控制平台、健康技術模塊和專有中間件整合到 Massimo Group 的產品線中，以及 Massimo 可能進入人工智能健康機器人市場。這些聲明受到風險和不確定性的影響，可能導致實際結果與所表達或暗示的結果存在重大差異，包括但不限於：意向書是非約束性的，不要求任何一方完成擬議交易；各方可能無法在預期的時間表上或根本達成最終協議；確認性盡職調查可能會產生改變各方計劃或經濟條款的發現；未能獲得各自董事會的必要批准；未能獲得、獲得延遲或在所需監管批准方面施加繁重條件；未能滿足其他成交條件；擬議交易如果完成，可能無法在預期的時間框架內或根本實現預期的戰略或財務利益；整合 FST 的技術、運營、人員和知識產權的挑戰；智能和連接產品及人工智能健康機器人市場的採用速度；對第三方供應商和製造合作伙伴的依賴；知識產權的保護和執行；網絡安全、數據隱私和數據治理風險；競爭反應；經濟、市場或行業條件的變化；以可接受的條款獲得資本和融資的可用性；以及 Massimo Group 在美國證券交易委員會的文件中不時描述的其他風險和不確定性。前瞻性聲明僅在作出之日有效。Massimo Group 沒有義務更新或修訂任何前瞻性聲明，無論是由於新信息、未來事件還是其他原因，法律要求的除外。</p>
<p><strong>公司聯繫方式</strong></p>
<p><strong>Quenton Petersen</strong> <strong>副總裁</strong></p>
<p>Massimo Group</p>
<p>電子郵件: <strong>ir@massimomotor.com</strong></p>
<p>來源：Massimo Group</p>

MAMO

<p>Massimo 集團已簽署一份非約束性的意向書，計劃以約 2700 萬至 3500 萬美元收購 FST Development Company Limited 的 100% 股份，該公司是一家專注於人工智能驅動解決方案的科技公司。此次收購旨在增強 Massimo 在人工智能驅動的移動和健康技術方面的能力。該交易預計將通過將 FST 的技術整合到 Massimo 的產品線中，創造協同效應，縮短開發週期，並進入人工智能健康機器人市場。意向書包括為期 60 天的獨佔期，以進行盡職調查和談判，最終協議預計在 2026 年 3 月達成，需遵循監管批准和其他條件</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;）是一家領先的美國動力運動車輛和電動出行解決方案的製造商和分銷商，今天宣佈已簽署一份非約束性意向書（&#34;LOI&#34;），計劃收購 FST Development Company Limited（&#34;FST&#34;）100% 的股權，FST 是一家專注於智能硬件和人工智能驅動系統級解決方案的科技公司。</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>此次擬議交易代表了 Massimo 的一個重大戰略里程碑，使公司處於兩個快速擴展的全球趨勢的交匯點：人工智能驅動的户外出行和下一代數字健康機器人。</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>根據 LOI 中列出的條款：</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 的估值在約 3800 萬美元至 5000 萬美元之間，反映其專有技術、集成的硬件 - 軟件能力和增長潛力；</li>
<li>Massimo 計劃以約 2700 萬美元至 3500 萬美元的總購買對價收購 FST 的 100% 股權；</li>
<li>購買對價可以通過發行 Massimo 普通股、支付等值現金或兩者的組合來滿足，具體將在最終交易文件中達成一致；</li>
<li>與交易相關的任何股權對價將在交易完成後有六個月的合同鎖定期；</li>
<li>這些股份的釋放（如有）將取決於收購後業績里程碑的達成以及 FST 運營的成功整合，具體由 Massimo Group 首席執行官全權決定。</li>
</ul>
</div><p><strong>Strategic Rationale</strong></p>
<div class="lb-trans"><p><strong>戰略理由</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>隨着人口變化、可持續發展優先事項和快速技術進步不斷重塑傳統行業，Massimo 認為智能、連接和數據驅動的系統代表了户外出行和設備製造的下一個發展階段。同時，全球對主動、個性化和可擴展健康解決方案的需求正在加速，主要受到全球老齡化人口的推動。</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>通過收購 FST 的全部股權，Massimo 計劃將其製造規模、品牌實力和全國分銷網絡與 FST 的全棧人工智能能力整合，包括智能控制平台、健康技術模塊和專有人工智能中間件。交易成功完成後，Massimo 預計將能夠構建一個統一的智能生態系統，涵蓋出行、健康和先進系統智能。</p>
</div><p><strong>Expected Synergies and Growth Opportunities</strong></p>
<div class="lb-trans"><p><strong>預期協同效應和增長機會</strong></p>
</div><p>Following completion of the acquisition, the combined organization is expected to:</p>
<div class="lb-trans"><p>在收購完成後，合併後的組織預計將：</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>將 FST 的人工智能驅動控制平台、健康技術模塊和專有中間件嵌入 Massimo 的下一代 UTV、ATV 和海洋產品線；</li>
<li>縮短產品開發週期；</li>
<li>降低綜合研發和系統集成成本；</li>
<li>加快智能、連接和差異化產品的上市時間；</li>
<li>使 Massimo 能夠進入高增長的人工智能健康機器人市場，FST 已經在該市場提供醫療級硬件和預測健康算法。</li>
</ul>
</div><p><strong>Management Commentary</strong></p>
<div class="lb-trans"><p><strong>管理層評論</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;這筆交易不僅僅是一次收購——它是一次戰略轉型，&#34;Massimo Group 首席執行官 David Shan 表示。&#34;通過將 FST 完全納入 Massimo 組織，我們將堅固、可靠的車輛傳統與先進的人工智能驅動系統和軟件智能相結合。我們的目標是使户外體驗更安全、健康監測更主動、先進技術更易獲取，同時保持嚴謹的執行和長期價值創造。&#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 首席執行官補充道，&#34;成為 Massimo 的一部分將為我們提供一個強大的平台，將我們的技術從單個模塊擴展到完全集成的生態系統。憑藉 Massimo 的運營實力和全球影響力，我們的硬件 - 軟件創新可以更快、更大規模地部署。&#34;</p>
</div><p><strong>Timeline and Conditions</strong></p>
<div class="lb-trans"><p><strong>時間表和條件</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 規定了一個為期 60 天的獨佔期，在此期間雙方將進行確認性盡職調查並談判最終交易文件。雙方計劃在 2026 年 3 月底之前簽署最終協議，具體取決於包括以下在內的慣例成交條件：</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>各自董事會的批准；</li>
<li>獲得適用的監管批准；以及</li>
<li>完成令人滿意的財務、法律和運營盡職調查。</li>
</ul>
</div><p><strong>Non-Binding Nature of the LOI</strong></p>
<div class="lb-trans"><p><strong>LOI 的非約束性</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 是非約束性的，不要求任何一方完成擬議交易。不能保證最終協議會被簽署或收購會完成。</p>
</div><p><strong>About FST Development Company Limited</strong></p>
<div class="lb-trans"><p><strong>關於 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 是一家專注於智能硬件和系統級解決方案的技術開發公司。該公司為户外動力設備和人工智能健康機器人應用提供深度集成的硬件 - 軟件模塊和 ODM/OEM 服務。</p>
</div><p><strong>About Massimo Group</strong></p>
<div class="lb-trans"><p><strong>關於 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）是一家總部位於美國的動力運動車輛、實用地形車輛（UTV）、電動出行解決方案及相關配件的製造商和分銷商，通過全國經銷商網絡為客户提供服務。</p>
</div><p><strong>Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>前瞻性聲明</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>本新聞稿包含根據聯邦證券法定義的 “前瞻性聲明”。前瞻性聲明基於當前的預期、估計、預測和假設，並不保證未來的表現。諸如 “預期”、“打算”、“計劃”、“預計”、“相信”、“可能”、“將”、“能夠”、“尋求”、“目標” 等詞語旨在識別此類前瞻性聲明。前瞻性聲明包括但不限於關於擬收購 FST Development Company Limited 的聲明、談判和執行最終協議的預期時間和過程（包括在 60 天的獨佔期內以及在 2026 年 3 月底之前）、滿足成交條件、預期的協同效應和戰略利益、預計的開發週期和成本的減少、加快上市時間、計劃將 FST 的人工智能驅動控制平台、健康技術模塊和專有中間件整合到 Massimo Group 的產品線中，以及 Massimo 可能進入人工智能健康機器人市場。這些聲明受到風險和不確定性的影響，可能導致實際結果與所表達或暗示的結果存在重大差異，包括但不限於：意向書是非約束性的，不要求任何一方完成擬議交易；各方可能無法在預期的時間表上或根本達成最終協議；確認性盡職調查可能會產生改變各方計劃或經濟條款的發現；未能獲得各自董事會的必要批准；未能獲得、獲得延遲或在所需監管批准方面施加繁重條件；未能滿足其他成交條件；擬議交易如果完成，可能無法在預期的時間框架內或根本實現預期的戰略或財務利益；整合 FST 的技術、運營、人員和知識產權的挑戰；智能和連接產品及人工智能健康機器人市場的採用速度；對第三方供應商和製造合作伙伴的依賴；知識產權的保護和執行；網絡安全、數據隱私和數據治理風險；競爭反應；經濟、市場或行業條件的變化；以可接受的條款獲得資本和融資的可用性；以及 Massimo Group 在美國證券交易委員會的文件中不時描述的其他風險和不確定性。前瞻性聲明僅在作出之日有效。Massimo Group 沒有義務更新或修訂任何前瞻性聲明，無論是由於新信息、未來事件還是其他原因，法律要求的除外。</p>
</div><p><strong>Company Contact</strong></p>
<div class="lb-trans"><p><strong>公司聯繫方式</strong></p>
</div><p><strong>Quenton Petersen</strong> <strong>Vice President</strong></p>
<div class="lb-trans"><p><strong>Quenton Petersen</strong> <strong>副總裁</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>電子郵件: <strong>ir@massimomotor.com</strong></p>
</div><p>SOURCE Massimo Group</p>
<div class="lb-trans"><p>來源：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 集團簽署意向書，計劃收購 AI 技術公司 FST 的全部股份，以推動其 AI 驅動的移動和健康技術戰略的加速發展 | MAMO 股票新聞