Beidou Zhilian starts Pre-IPO round of financing, Huarui Zhilian becomes the controlling shareholder

Beidou Zhilian Technology Co., Ltd. plans to launch a Pre-IPO round of financing in the near future. In November 2023, Beidou Xingtong transferred its 15% equity to Beijing Huarui Century Zhilian Technology Co., Ltd. at a transaction price of approximately 252.3 million yuan, making the latter the controlling shareholder of Beidou Zhilian. After the transaction is completed, Beidou Xingtong indirectly holds 18.21% of Beidou Zhilian's equity, and Huarui Zhilian holds 40.57% of the equity, with the company's valuation of 1.68 billion yuan.