KAIKAI Industrial: Completed the transfer of 11.11% equity stake in Nanjing Tianshi Software Technology Co., Ltd.

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Kaikai Industrial announced that on December 5, 2025, it transferred its 11.11% stake in Nanjing Tianshi Software Technology Co., Ltd. through a public listing on the Shanghai United Assets and Equity Exchange, with a listing price of RMB 17.4731 million. On January 13, 2026, the company signed a “Shanghai Property Rights Transaction Contract” with Nanjing Zhongheng Electric Co., Ltd. regarding the transfer of the 11.11% stake in Nanjing Tianshi Software Technology Co., Ltd., with a transaction price of RMB 17.48 million. To date, the company has received the full payment for this equity transfer from Zhongheng Electric, and Nanjing Tianshi has completed the relevant business registration change procedures. As a result, the company no longer holds any equity in Nanjing Tianshi. This equity transfer is expected to impact the 2026 investment income by approximately RMB 11 million.

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