Stock Code: 000008
Stock Abbreviation: Shenzhou High-speed
Announcement No.: 2026046
Shenzhou High-speed Technology Co., Ltd.
Announcement on Subsidiary Beishen Investment's Transfer of Equity in Investee Beijiao New Energy
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or material omissions.
I. Overview of the Transaction
- Background of the Transaction
In accordance with the strategic development plan of Shenzhou High-speed Technology Co., Ltd. (hereinafter referred to as "Shenzhou High-speed" or "the Company"), and for the purpose of optimizing the Company's asset allocation and recovering funds, its wholly-owned subsidiary Beijing Beishen Investment Management Co., Ltd. (hereinafter referred to as "Beishen Investment") intends to publicly list for transfer its 20.0249% equity in Beijing Beijiao New Energy Technology Co., Ltd. (hereinafter referred to as "Beijiao New Energy") through an property rights exchange. Upon completion of the transfer, Beishen Investment will no longer hold any equity in Beijiao New Energy.
- Decision-Making Procedures
On August 7, 2026, the Company held the twenty-first meeting of the fifteenth Board of Directors, which deliberated and approved the "Proposal on Beishen Investment's Transfer of Equity in Investee Beijiao New Energy." All 9 directors voted in favor.
Furthermore, should other shareholders transfer their equity in Beijiao New Energy, Beishen Investment will also waive its preemptive right. The Company's Board of Directors has authorized the management to handle relevant matters of this transaction, including but not limited to listing, adjustment of listing price, signing of agreements, and equity transfer.
- This transaction will be transferred through public listing. The counterparty and transaction price are yet to be determined, and it is currently impossible to determine if it constitutes a connected transaction. If it constitutes a connected transaction based on the final listing results, the Company will fulfill the decision-making procedures and information disclosure obligations in accordance with relevant laws and regulations.