Beijing BDStar Navigation (002151.SZ): The holding company Xin and Wu plans to introduce investors to the Guofu Fund for financing of 80 million yuan.

Beijing BDStar Navigation (002151.SZ) announced that its controlling subsidiary, Sinwo Technology (Shanghai) Co., Ltd. ("Sinwo"), plans to introduce new investors through capital increase. Zhejiang Fuzhou Fuchuang Equity Investment Partnership Enterprise (Limited Partnership) ("Fuchuang Fund") has subscribed to RMB 80 million in new registered capital of Sinwo, acquiring 6.98% equity. After the capital increase, the company's ownership in Sinwo will decrease from 63.1085% to 58.7031%, but the control over Sinwo remains unchanged.