Securities Code: 300825
Securities Abbreviation: Alt Car
Announcement Number: 2026-047
Alt Car Technology Co., Ltd.
Announcement on Waiving the Preemptive Subscription Right of a Subsidiary and Related Party Transaction
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
I. Overview of the Transaction
Alt Car Technology Co., Ltd. (hereinafter referred to as the "Company")'s investee, Shenzhen Bi Hu New Energy Vehicle Technology Co., Ltd. (formerly Shenzhen Bi Hu New Energy Vehicle Technology Co., Ltd., hereinafter referred to as "Bihu Technology"), is a technology company focused on advanced digital skateboard chassis. Based on its recognition of Bihu Technology's development prospects, Suqian Minxin Bi Hu Phase I Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Bi Hu Fund") and Ningbo Jun Quan Shi Gong Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Ningbo Jun Quan") intend to invest RMB 214,000,000.00 and RMB 20,000,000.00 respectively in Bihu Technology. This will result in the subscription of new registered capital of RMB 1,389,888.87 and RMB 129,896.16, respectively. The portion exceeding the new registered capital will be accounted for as Bihu Technology's capital reserve.
The Company, as a shareholder of Bihu Technology, agrees to this capital increase. For reasons related to its own funding arrangements and business development plans, the Company voluntarily waives its preemptive subscription right for this capital increase. Upon completion of this capital increase, Bihu Technology's registered capital will increase from RMB 29,876,115.94 to RMB 31,395,900.97. The Company's shareholding in Bihu Technology will decrease to 6.3703% (subject to the approval of the industrial and commercial registration authority).
Bihu Technology is an investee of the Company. Mr. Xuan Qiwu, one of the actual controllers of the Company and Chairman of the Board, serves as a director of Bihu Technology. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" (hereinafter referred to as the "Listing Rules") and the "Articles of Association of Alt Car Technology Co., Ltd." (hereinafter referred to as the "Articles of Association"), Bihu Technology is a related party to the Company. The aforementioned waiver of the preemptive subscription right constitutes a related party transaction.
The Company convened the 32nd meeting of the Fifth Board of Directors on August 7, 2026, and reviewed and approved the "Proposal on Waiving the Preemptive Subscription Right of an Investee Company and Related Party Transaction." The voting results were: 5 votes in favor, 0 votes against, and 0 abstentions. Related director Mr. Xuan Qiwu recused himself from voting. The proposal was also reviewed and approved by the Independent Directors' Special Committee, with more than half of the independent directors agreeing. According to the "Listing Rules" and the "Articles of Association," this transaction does not require approval from the Company's shareholders' meeting, does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," does not constitute a restructuring and listing, and does not require approval from relevant authorities.
II. Basic Information of Related Parties
(I) Basic Information of Bi Hu Technology