000676SZSE

Announcement on the progress of the liquidation of its overseas company

✨ AI Summary

Zhidu Technology Co., Ltd. announced the progress of the liquidation of its overseas subsidiary, Position Mobile Ltd SEZC (PM Company). The board approved the liquidation proposal, and a court has recently issued a first-instance judgment ordering Zhidu Hong Kong Company to acquire TIC Company's equity interest in PM. The valuation of this equity is still subject to negotiation or judicial decision, leaving the final outcome uncertain. The company will continue to monitor the situation and inform investors of any developments.

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Zhidu Technology Co., Ltd Announcement on the progress of the liquidation of its overseas company Stock code: 000676 Stock abbreviation: Zhidu shares Announcement number: 2026-003 Zhidu Technology Co., Ltd Announcement on the progress of the liquidation of its overseas company The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate and complete, and there are no false records Misleading statements or material omissions.

  1. Overview of the situation Zhidu Technology Co., Ltd. (hereinafter referred to as the "Company") held its 10th term of directors on April 19, 2024 At the second meeting, the "Proposal on Consent to the Liquidation of Subordinate Overseas Companies" was deliberated and approved, and the subordinate overseas was agreed upon Position Mobile Ltd SEZC (hereinafter referred to as "PM Company") was liquidated and authorized to manage the company Layer represents the company in specific matters related to the liquidation of PM company within the scope permitted by local laws and regulations. PM is a wholly-owned subsidiary of the company, Genimous Investment (Hong Kong) Co., Ltd. (Genimous Investment (Hong Kong) Co., Limited (hereinafter referred to as "Zhidu Hong Kong Company") holds 36% of the shares, and Zhidu Group is limited Genimous Holding (HK) Limited, a wholly-owned subsidiary of the Company (hereinafter referred to as "Zhidu

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