Keboda to acquire intelligent technology unit, boost smart vehicle sector

Keboda Technology Co. announced its plan to acquire a 60% equity stake in Shanghai Keboda Intelligent Technology Co. from Shanghai Geshi Investment Management Co. for a cash consideration of 345 million yuan. The transaction, based on an assessment as of July 31, 2025, values 100% of Keboda Intelligent Technology at 575 million yuan, representing a 653.25% increase in value. This acquisition is categorized as a related-party transaction and will be funded from the company's own funds.

The acquisition aims to enhance Keboda's product portfolio in the intelligent automotive sector, expand its market share, and reduce existing related-party transactions. Keboda Intelligent Technology focuses on central computing platforms and domain controllers for smart vehicles, with projected lifetime sales exceeding 20 billion yuan from current projects. The transaction is scheduled to be completed by September 30, 2025, after which Keboda Intelligent Technology will become a controlled subsidiary.

Shanghai Geshi Investment Management Co. has committed that Keboda Intelligent Technology's cumulative net profit from August 2025 to December 2030 will not be less than 630 million yuan. The company's board of directors has approved the transaction and will present it for shareholder approval at the third extraordinary general meeting in 2025, scheduled for September 26, 2025.