Beijing BDStar to expand related party dealings as executives plan share reductions

Beijing BDStar Navigation (BDStar) announced new related party transactions with Beidou Zhilian Technology Co., Ltd., totaling CNY 29,157,140. This includes its subsidiary, BDStar (Chongqing) Intelligent Technology Development Co., Ltd., leasing property to Beidou Zhilian and collecting utility fees totaling CNY 24,657,140. Additionally, Jiaxing Jiali Electronics Co., Ltd. and Hexin Xingtong Technology (Beijing) Co., Ltd. will sell antenna and chip/module products, respectively, to Beidou Zhilian and its subsidiaries, valued at CNY 1,500,000 and CNY 3,000,000 for November-December 2025. These transactions, approved by independent directors, align with market principles and represent 0.57% of BDStar’s latest audited net assets.

Separately, BDStar disclosed that two senior executives, Pan Guoping, board secretary and deputy general manager, and Huang Lei, deputy general manager, plan to reduce their shareholdings. Pan Guoping intends to sell up to 31,825 shares (0.0059% of total share capital), while Huang Lei plans to sell up to 16,805 shares (0.0031% of total share capital). These reductions, driven by personal financial needs and equity incentives, will occur via centralized bidding within three months from 15 trading days after the announcement.

Including the new transactions, BDStar's total related party dealings with Beidou Zhilian and its subsidiaries over the past 12 months will amount to CNY 49,871,770, representing 0.98% of BDStar’s 2024 audited net parent equity.