Autel Intelligent Technology transfers full stake in associate

Autel Intelligent Technology Co., Ltd. has finalized the transfer of its 46% equity stake in Shenzhen Seifang Technology Co., Ltd. The transaction involved transferring 34.50%, 11%, and 0.50% of Seifang Technology's equity to seven employee stock ownership platforms, Shenzhen Daohetongyao Information Consulting Enterprise (Limited Partnership), and Mr. Zhao Guanjie, respectively. The total transfer price was RMB 10,856万元, paid entirely in cash. Following the transaction, Autel Technology will no longer hold any shares in Seifang Technology.

This divestment aims to optimize Autel Technology's asset structure, reduce operational and management risks, and support its strategic goals and long-term sustainable development. The equity transfer and associated connected transaction were approved by Autel Technology's Fourth Board of Directors at its Twenty-sixth Meeting, the Fourth Board of Supervisors at its Fifteenth Meeting, and the 2025 Second Extraordinary General Meeting of Shareholders.

The company has confirmed that the equity transfer agreements have been signed with all parties, and the relevant industrial and commercial change registration procedures have been completed. The transaction marks a significant step in Autel Technology's efforts to streamline its business and enhance its focus on core activities.