CALB(03931) completed the acquisition of 10.94% equity stake in Jiangsu Olive Sensors High-Tech (300507.SZ)

CALB (03931) announced that the prerequisites for the acquisition and subscription of shares of Jiangsu Olive Sensors High-Tech (300507.SZ) under the share transfer agreement have been met as of the date of this announcement. The acquisition was completed on October 10, 2025, and the company now holds 10.94% equity in Jiangsu Olive Sensors High-Tech. According to the share transfer agreement, within 30 working days of the completion of the share transfer registration, the board of directors will undergo changes and amendments to the articles of association. On November 21, 2025, the target company held a shareholders' meeting to approve the changes in the board of directors. The board consists of 5 directors, including 3 non-independent directors (1 of whom is a representative of the employees, elected by the employees' congress without the need for shareholder approval) and 2 independent directors. Apart from 1 employee director, the remaining 4 directors are nominated by the company. Following the completion of the share transfer registration, the waiver of voting rights, and the adjustment of the board members of the target company as stipulated in the share transfer agreement, the company now holds a majority of seats on the target company's board of directors, thereby exerting a substantial influence on the decisions of the target company's board. The target company is considered a non-wholly owned subsidiary of the company, and its financial performance will be consolidated into the group's financial statements. As of the date of this announcement, the subscription for the new shares issued by the target company has not been completed. The company will issue further announcements in a timely manner regarding the latest developments related to this subscription (including if necessary) in accordance with the listing rules.