Navinfo completes significant investment in PhiGent Robotics

Navinfo has completed its significant external investment and financial assistance transaction with PhiGent Robotics. This follows approvals from its board and shareholders in September and October 2025. The transaction involved Navinfo subscribing to 138,423,368 Class C+ preferred shares of PhiGent Cayman for 250 million yuan and acquiring 1,092,383,785 ordinary shares by transferring its 100% equity in Navinfo Intelligent Driving (Beijing) Technology Co., Ltd. to Beijing PhiGent Technology Co., Ltd.

Upon completion, Navinfo now holds a 39.14% stake in PhiGent Cayman, becoming its largest, though non-controlling, shareholder. All required overseas investment (ODI) filing procedures with Beijing authorities have been finalized.

Furthermore, all relevant agreements, including the Share Option Purchase Agreement, Share Transfer Agreement, and Loan Agreement, have been signed. Navinfo provided a loan of 250 million yuan to Beijing PhiGent Technology Co., Ltd. on November 28, 2025, and has received share options from PhiGent Cayman. Both the cash injection and asset contribution phases of the investment are now complete, with Navinfo's Hong Kong subsidiary, Hong Kong Navinfo Technology Co., Ltd., holding the respective PhiGent Cayman shares.