CR HOLDINGS (01911): BiLu Electronics publicly transfers its shares on the NEEQ

CR HOLDINGS (01911) announces that BiLu Electronics (Shanghai Bilu Electronic Technology Co., Ltd.), a portfolio company of the Huaxing New Economy Fund managed by the Group, has publicly transferred its shares on the National Equities Exchange and Quotations (NEEQ). China Renaissance Securities Co., Ltd. (Huaxing Securities), a controlled subsidiary of the Company, acted as the lead broker for the listing. BiLu Electronics is a leading domestic enterprise in the field of micro drive motors for high-end smartphone cameras. Its product matrix covers closed-loop motors, variable aperture motors, VCM OIS motors, periscope optical zoom motors, and SMA motors, with a complete system and technology reaching internationally advanced standards. Its products have been widely applied in mainstream smart terminal brands both domestically and internationally. As a national-level key specialized, refined, distinctive and innovative "Little Giant" enterprise, BiLu Electronics has long been deeply engaged in the micro drive motor field, seizing industry evolution opportunities and relying on self-developed technology to continuously innovate and accelerate product iteration. Among them, high-end products such as variable aperture motors, VCM OIS motors, periscope optical zoom motors, and SMA motors have been continuously adopted in flagship models of leading domestic brands for many years, making important contributions to the upgrading of imaging experience for domestic phones. At the same time, BiLu Electronics is actively expanding into emerging fields such as action cameras, gimbal cameras, automotive optics, and humanoid Siasun Robot&Automation, with related products gradually being implemented, laying the foundation for cultivating new profit growth points. This NEEQ listing is an important milestone in the development of BiLu Electronics. The Group looks forward to BiLu Electronics leveraging the capital market to accelerate technology research and development and product layout, further consolidating and expanding its industry-leading advantages. This listing also fully demonstrates the comprehensive strength of the Group's securities business and fund business. As a long-term partner of BiLu Electronics, the Group, leveraging its advantages as a comprehensive financial institution, has provided BiLu Electronics with various professional capital market services, demonstrating its professional capability in serving specialized, refined, distinctive and innovative technology enterprises in connecting with the capital market. At the same time, the Huaxing New Economy Fund, with its deep industry research capabilities and forward-looking investment vision, discovered and invested in BiLu Electronics in its early stage of development and has continued to support its growth as a long-term shareholder. The collaborative cooperation between the Group's fund business and securities business in this transaction reflects the synergy of the Group's "investment + investment banking" business model, enabling the Group to accompany high-quality enterprises in the new economy and technology sectors throughout their full life cycle with comprehensive financial services covering equity investment, listing services, and ongoing capital market support. In the future, the Group will continue to deepen collaboration across business lines, helping more technology innovation enterprises connect with the capital market and achieve high-quality development.