SAIMO(02571.HK): Deemed Disposal of 49% Interest in Subsidiary, Post-investment Consolidation Continues
Beijing Saimo Technology Co., Ltd. (Stock Code: 2571) announced on January7, 2026, that it has entered into an investment agreement and shareholders' agreement with the target company, Shuxin Juhui Consulting Enterprise, Xinjuhui Technology Enterprise, and Jing Wei to introduce investors to increase capital in its subsidiary.
Pursuant to the investment agreement, the investors agreed to contribute capital in the form of intellectual property and cash to Zhejiang Saimo Technology Co., Ltd. ("Target Company") for a total amount of RMB9,607,843 in newly registered capital in exchange for approximately 49% equity interest in the Target Company. Upon completion of the capital increase, the Target Company's registered capital will increase from RMB10,000,000 to RMB19,607,843, and the Company and the investors will directly hold approximately 51% and 49% equity interest in the Target Company respectively. The Target Company will remain a subsidiary of the Company and its financial results will continue to be consolidated into the Company's financial statements.
The total investment consideration is RMB12.009804 million, of which Shuxin Juhui Consulting Enterprise contributes RMB8.333333 million (RMB392,200 in cash and RMB7,941,133 in intellectual property) to subscribe for RMB6,666,667 in new registered capital, while Xinjuhui Technology Enterprise contributes RMB3,676,471 (entirely in intellectual property) to subscribe for RMB2,941,176 in new registered capital.
The transaction valuation was determined by independent valuer Avista Business Consulting (Beijing) Co., Ltd. using the asset-based approach, with the pre-investment valuation of 100% equity interest in the Target Company at approximately RMB12,116,000 as of October 31, 2025 (valuation reference date).
Upon completion of the capital increase, the Company's shareholding in the Target Company will be reduced, constituting a deemed disposal under Rule 14.29 of the Listing Rules. As the highest applicable percentage ratio (as defined in the Listing Rules) exceeds 5% but is below 25%, the capital increase constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules, and is therefore subject to the reporting and announcement requirements of Chapter 14.
The cash portion of RMB392,200 from the capital increase will be used for the Target Company's R&D investment, while the remaining intellectual property will be used for the Target Company's subsequent product development. The capital increase will not cause the Company to lose control over the Target Company, and any deemed disposal resulting from the capital increase will be accounted for as an equity transaction. The Company expects that the capital increase will not result in any gain or loss being recognized in the Group's consolidated financial statements.
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