Keboda Technology to acquire 60% of Smart Technology arm for ¥345m

Keboda Technology Co., Ltd. plans to acquire 60% equity in Shanghai Keboda Smart Technology Co., Ltd. from Shanghai Geshi Investment Management Co., Ltd. for a total cash consideration of ¥345 million. The transaction is based on an assessment valuation of ¥575 million for 100% of Keboda Smart Technology's equity as of July 31, 2025, representing an appraisal increase rate of 653.25%. The acquisition price will be paid in installments, with the first payment of ¥207 million due upon satisfaction of conditions and the remaining ¥138 million to be paid after the performance commitment period.

The transaction constitutes a connected transaction as Shanghai Geshi Investment Management Co., Ltd. is controlled by Keboda Technology's actual controller, Ke Guihua. This acquisition is a strategic move to integrate advanced automotive intelligent central computing platforms and domain controller products, aligning with national industrial policy to enhance core competitiveness and expand the company's product portfolio. The acquisition will make Keboda Smart Technology a subsidiary, reducing future connected transactions.

Shanghai Geshi Investment Management Co., Ltd. has committed that Keboda Smart Technology's cumulative net profit for the period from August 2025 to December 2030 will not be less than ¥630 million. The transaction is subject to shareholder approval, with connected shareholders abstaining from the vote.