Naura Technology Group's major share transfer progresses with state approval

Naura Technology Group Co. announced progress on the agreement for its actual controller, Beijing E-Town Electronics Co., to transfer shares to China Reform Fund Management Co. Beijing E-Town is selling 14,481,773 unrestricted common shares, representing 2.00% of Naura Technology Group's total share capital, to China Reform Fund. The transfer price is RMB 426.39 per share, totaling RMB 6.17 bn.

The company received notification on December 19, 2025, that China Reform Fund obtained approval from China Reform Holdings for the acquisition. This transaction aims to strengthen strategic cooperation between Beijing E-Town and China Reform Fund, leveraging their resources to promote "capital cooperation driving industrial empowerment" and support the development of China's integrated circuit industry. Naura Technology Group confirms this transfer will not alter the company's actual control.

China Reform Fund has committed not to transfer the acquired shares for 12 months following the completion of the transfer registration. The transaction still requires approval from the Beijing State-owned Assets Supervision and Administration Commission and compliance confirmation from the Shenzhen Stock Exchange before the shares can be registered. Investors are advised that the final completion of this transaction remains uncertain.