AINNOVATION (02121) plans to sell a 33.5% stake in Hao Yaqi Smart Technology (Shanghai) Co., Ltd. for 20.1 million yuan in 2010.

AINNOVATION (02121) announced that on June 11, 2026, the company signed a share transfer agreement with Shanghai Lansu and the target company Haoya Qizhi (Shanghai) Intelligent Technology Co., Ltd. (a subsidiary of the Company). Accordingly, the Company agreed to sell, and Shanghai Lansu agreed to acquire 21.44 million shares of the target company (approximately 33.5% of the total number of shares of the target company as of the date of this announcement) for a price of RMB 20.1 million. After the completion of the sale, the Company's shareholding in the target company will decrease from 51% to 17.5%, the target company will no longer be a subsidiary of the Company, and its financial performance will no longer be consolidated into the Company's financial statements. The target company is a limited liability company established in accordance with Chinese law on July 21, 2003, and converted into a joint-stock company on September 18, 2014. It was a subsidiary of the Company as of the date of this announcement. The target company has long been committed to providing comprehensive solutions for intelligent industrial automation systems in the field of intelligent manufacturing, including full automation material conveying systems, intelligent control systems, human-machine interaction systems, and information software platforms in areas such as smart factories for automobiles and parts, new energy smart bases, 3C electronic digital assembly workshops, discrete industrial automation production lines, and high-end equipment. It aims to achieve "specialization, precision, uniqueness, and innovation" and to replace imports in vertical segmented scenarios such as automobile final assembly, body welding, battery front and back end production lines, MES systems, cell coating, laser equipment, 3C electronic intelligent assembly, smart logistics, AGVs, industrial software, and three-dimensional warehousing through the realization of scene-specific application scenarios. The reasons for the sale include: i) The target company is facing challenges such as increased competition in the automotive industry and price competition. It faces greater difficulty in obtaining orders, intense price competition, extended payment terms, which squeezes profit margins, and adversely affects its future operating income, profitability, and financial performance; ii) The Company hopes to focus more on high-value business scenarios through the sale of the target company's equity, accelerate the transition of the overall technology roadmap and business from the past AI1.0 machine vision plus automation to the AI2.0 "one body, two wings" strategic leap, and thus focus the Company's main business on industrial large-scale models and industry intelligent body applications. The Company believes that this sale will enable it to focus more on industrial Siasun Robot & Automation and industrial software application businesses guided by industrial large-scale models and industry intelligent body, focus on high-value, high-growth potential business scenarios, guarantee research and development investment, market expansion, and technological iteration in the core track, avoid resource consumption that may be caused by multi-line layout, and improve the overall quality of assets and financial health of the Company.