Beijing Electronics to transfer Naura shares to state-owned Guoxin Investment

Beijing Electronics Holdings Co., Ltd. (Beijing E-Town), Naura Technology Group's de facto controller, will transfer 14,481,773 unrestricted common shares to Guoxin Investment Co., Ltd. through an agreement, as announced on December 15, 2025. This transfer, representing 2.00% of Naura's total share capital, is priced at RMB 426.39 per share, totaling RMB 6,174,883,189.47. This move aims to strengthen strategic cooperation between Beijing E-Town and Guoxin Investment.

Following the transfer, Beijing E-Town will directly hold 52,954,564 shares (7.31%) and indirectly hold 240,537,223 shares (33.20%) via its wholly-owned subsidiary, Sevenstar Group. This brings Beijing E-Town's total holding to 293,491,787 shares, or 40.51% of Naura's total shares, maintaining its status as the de facto controller without changing the company's actual control.

The transaction is contingent on approvals from the Beijing State-owned Assets Supervision and Administration Commission, China Reform Holdings Co., Ltd., and compliance confirmation from the Shenzhen Stock Exchange. Guoxin Investment has committed not to transfer the acquired shares for 12 months post-settlement.