Investment in Horizon Robotics by NOVAUTEK (00519) greatly appreciated, continued layout in the field of self-driving cars.

Novautek (00519) announced that the investment objective of Huangpu River Capital SPC - Jinshan Segregated Portfolio is to achieve capital appreciation through investment in Horizon Robotics' Series C preferred shares. Horizon Robotics was listed on the Main Board of The Stock Exchange of Hong Kong Limited on October 24, 2024, under the stock code 9660. As of December 31, 2024, the fair value of the Group's investment in Huangpu River Fund was approximately HK$34.16 million, mainly based on a valuation of HK$3.6 per share of listed shares by independent professional valuers. Based on the closing price of Horizon Robotics shares on February 28, 2025, at HK$8.3, the market value of the relevant Horizon Robotics shares invested is approximately HK$88.73 million, showing a significant increase. The relevant Horizon Robotics shares are subject to restrictions until April 23, 2025. The actual return on investment will be determined by the price of Horizon Robotics shares when the Group exits the investment. Since 2021, the Group has been actively seeking investment opportunities in the field of artificial intelligence and advanced technology, aiming to create better returns for shareholders through a diversified investment portfolio. Horizon Robotics and its subsidiaries are leading suppliers of advanced driver-assistance systems and high-level autonomous driving solutions for passenger vehicles, with proprietary software and hardware technology. The Group's investment in Horizon Robotics demonstrates its foresight in identifying high-tech investment opportunities. Looking at market growth opportunities, the Group successfully established Nuokada Zhi Jia Co., Ltd. in 2023, focusing on exploration and layout in the field of innovation in artificial intelligence and autonomous driving technology. Given the promising outlook and potential of autonomous driving technology, the company will continue to develop and apply this technology.