Shanghai Aladdin Biochemical Technology Co., Ltd (688179.SH) intends to participate in the competitive bidding for an 81.96% stake in Kashma Holdings.

Shanghai Aladdin Biochemical Technology Co., Ltd (688179.SH) issued an announcement stating that, based on the equity transfer information publicly disclosed by the Beijing Property Rights Exchange, China Academy of Sciences Holdings Co., Ltd. (referred to as "CAS Holdings") publicly listed for sale 81.96% of its equity in Casma Holdings Co., Ltd. (referred to as "Casma Holdings"), with a transfer base price of 202 million yuan. The company intends to participate in the auction for the equity held by CAS Holdings. The purpose of this transaction is to expand the company's sales channels, integrate downstream resources, enhance the company's market competitiveness and profitability, and benefit both the company and its investors.