PATEO CONNECT Technology (Shanghai) Corporation 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 本公告乃由博泰車聯網科技（上海）股份有限公司（「本公司」及其附屬公司合稱 「本集團」）自願作出，旨在向本公司股東（「股東」）及潛在投資者告知本集團的 最新業務發展。 本公司董事（「董事」）會（「董事會」）欣然宣佈，本公司陸續收到項目定點通知， 其中包括收到某頭部高端新能源車企（「該客戶」）出具的《項目定點通知》，本 公司被該客戶選定為8295平台海外軟硬件一體化項目定點車型座艙域控制器的 供應商；本公司亦收到某全球頭部車企出具的一系列汽車智能化項目《項目定 點通知》，本公司將為該車企在全球市場範圍內提供高端智能座艙域軟硬件一 體化核心產品及解決方案。 本公司近年來不斷深化產業鏈協同，逐步形成強大的生態整合能力並獲得廣 泛市場認可度。該等項目定點通知標誌著本公司的技術實力得到了新客戶及 既有客戶的認可，進一步鞏固 ...

Core Insights - The company has recently received project notifications from a globally recognized automotive brand's joint venture luxury brand, indicating a significant partnership opportunity [1] - The project involves the development and provision of advanced intelligent cockpit products, including Driver Monitoring Systems (DMS), Occupant Monitoring Systems (OMS), and multimodal interaction solutions [1] - The total order value for the project over its lifecycle is estimated to be approximately RMB 320 million, with production and delivery expected to commence in early 2026 [1]

Core Viewpoint - Youjia Innovation has received a project designation notification from a globally recognized automotive brand, indicating a significant partnership opportunity in the smart cockpit sector [1] Group 1: Project Details - The company will develop and provide a range of advanced smart cockpit products, including Driver Monitoring Systems (DMS), Occupant Monitoring Systems (OMS), and multimodal interaction solutions [1] - The total order value for the project over its lifecycle is estimated to be approximately RMB 320 million [1] - Production and delivery of the products are planned to commence in early 2026 [1]

Core Viewpoint - Ningbo Joyson Electronic Corp. (referred to as "Joyson Electronics", 00699.HK) was listed on the Hong Kong Stock Exchange today, opening below the issue price at HKD 21.5 and closing at HKD 20.24, representing an 8% decline from the issue price [1][4]. Summary by Relevant Sections Share Issuance and Capital Structure - The total number of shares offered globally by Joyson Electronics was 155,100,000 H-shares, with 15,510,000 shares allocated for public offering in Hong Kong and 139,590,000 shares for international offering [2]. - After the listing, the total number of issued shares (before the exercise of the over-allotment option) was 1,550,770,563 [2]. Pricing and Proceeds - The final issue price was set at HKD 22.00, resulting in total proceeds of HKD 3,412.2 million. After deducting estimated listing expenses of HKD 159.7 million, the net proceeds amounted to HKD 3,252.5 million [4][5]. Use of Proceeds - Approximately 35% of the net proceeds is expected to be used for research and commercialization of automotive intelligent solutions and cutting-edge technologies to enhance leadership in the smart automotive technology sector [5]. - Another 35% is anticipated to improve manufacturing capabilities and cost efficiency, as well as optimize supply chain management [5]. - About 10% is planned for expanding overseas market share and collaborating with vehicle manufacturers for international expansion [5]. - An additional 10% is earmarked for potential investments and acquisitions in targets that complement the business in terms of technical expertise, operations, and brand profile, aiming to strengthen market position in the electrification and intelligence trends in the automotive industry [5]. - The remaining 10% is designated for working capital and general corporate purposes [5]. Cornerstone Investors - Key cornerstone investors include JSC, Ningbo New Quality, Jump Trading, Zhongding Capital Phase 8, China Post Fund, Vandi, and Fidelidade [6].

Core Viewpoint - Junsheng Electronics officially listed on the Hong Kong Stock Exchange on November 6, marking a new stage in its global development [1] Group 1: Listing Details - Junsheng Electronics issued approximately 155 million H-shares at a price of HKD 22 per share, raising about HKD 3.41 billion [1] - The company has completed its global layout strategy, enabling synchronized research and development, supply chain configuration, production, and sales networks with global automakers [1] Group 2: Company Overview - Founded in 2004, Junsheng Electronics is a leading provider of intelligent automotive technology solutions, focusing on automotive electronics and safety [1] - The company operates over 25 R&D centers and 60 production bases across major automotive production and sales regions in Asia, Europe, and North America, serving over 100 global automotive brands, including the top ten automakers [1] Group 3: Future Outlook - The chairman of Junsheng Electronics stated that the Hong Kong listing is a new starting point, emphasizing innovation and leveraging the advantages of the dual capital platform 'A+H' to contribute to a smarter, safer, and more environmentally friendly future [1]

Core Viewpoint - The company is undergoing a brand strategy upgrade to SEEWAY.AI, aiming to transition from a mapping provider to a new type of Tier 1 automotive supplier, focusing on AI-driven solutions for the automotive industry [2] Financial Performance - The company aims to significantly reduce losses this year, with a target to achieve profitability around 2027 [2] - For the first three quarters of this year, the company reported revenue of 2.66 billion yuan, a year-on-year increase of 5.20%, and a net loss of 708 million yuan, a decrease of 45.55% year-on-year [6] - The gross margin was 28.28%, down 6.41% year-on-year, while the net margin was -26.90%, a decline of 7.42% year-on-year [6] Business Segments - The company is focusing on three main business areas: intelligent driving, chips, and cloud services, with intelligent driving expected to account for 60% of total revenue by 2025-2026 [3] - The chip business is projected to grow to 30% of total revenue, with an expected revenue of 566 million yuan in 2024, a year-on-year increase of 10.92% [3] - The cloud services segment achieved revenue of 1.265 billion yuan in the first half of this year, a year-on-year increase of 24.42% [4] Strategic Developments - The company is expanding its two-wheeler business, which offers significant scale advantages compared to the automotive sector [4] - The company is optimizing its personnel structure, particularly in its subsidiary New Jian Zhi, which will involve reducing around 100 positions [6] - The company is also focusing on external investments, with 19 companies under management, which are expected to contribute to visible investment returns [5] Future Outlook - The company acknowledges that the path to automotive intelligence is long and that significant future investments will be necessary to balance input and output [7] - The company is considering strategies for future financing and external investments to support its growth [7]

Core Viewpoint - Junsheng Electronics (0699.HK), a provider of smart automotive technology solutions, is launching an IPO from October 28 to November 3, aiming to raise up to HKD 3.66 billion with a maximum share price of HKD 23.6 per share [1] Fundraising and Allocation - The company is offering 155 million H-shares, with 10% allocated for public offering in Hong Kong and 90% for international placement [1] - The net proceeds from the IPO will be allocated as follows: approximately 35% for R&D and commercialization of automotive smart solutions and cutting-edge technologies; about 35% for enhancing manufacturing capabilities and cost efficiency, as well as optimizing supply chain management; around 10% for expanding market share in overseas markets and collaborating with OEM clients for international expansion; approximately 10% for potential investments and acquisitions in targets that complement the company's technical expertise, operational capabilities, and brand profile; and about 10% for working capital and general corporate purposes [1] Listing and Entry Costs - The expected listing date for the shares is November 6, with a minimum entry fee of HKD 11,919.01 for one board lot of 500 shares [1] - Joint sponsors for the IPO include China International Capital Corporation and UBS Group [1]

Core Viewpoint - The company, Junsheng Electronics, is set to launch an IPO for 155.1 million H-shares, with a maximum offer price of HKD 23.60 per share, aiming to raise approximately HKD 3.4585 billion for various strategic investments in the automotive technology sector [1][2]. Group 1: IPO Details - The IPO will take place from October 28 to November 3, 2025, with 10% allocated for public offering in Hong Kong and 90% for international investors, along with a 15% over-allotment option [1]. - The cornerstone investors have committed to subscribe for shares worth approximately USD 107.1 million at the offer price [1]. Group 2: Use of Proceeds - Approximately 35% of the net proceeds is expected to be invested in R&D and commercialization of automotive intelligent solutions and cutting-edge technologies to enhance the company's leadership in the smart automotive technology sector [2]. - About 5% is earmarked for the development and commercialization of L2+ and above advanced driving domain controllers [2]. - Another 5% is planned for the development of 5G-A/5.5G intelligent connected technologies, including V2X products and communication modules [2]. - Approximately 35% will be used to improve manufacturing capabilities and cost efficiency, as well as optimize supply chain management [2]. - 10% is intended for expanding the company's overseas market share and collaborating with OEMs for international expansion [2]. - The remaining 10% is allocated for potential investments and acquisitions that complement the company's expertise and market position in the electrification and intelligence trends in the automotive industry [2]. Group 3: Company Overview - Junsheng Electronics is a provider of smart automotive technology solutions, focusing on R&D, manufacturing, and sales of automotive components, particularly in automotive electronics and safety [3]. - The company ranked 41st in the global automotive parts industry in 2024 and is the second-largest supplier of passive safety products in China and globally by revenue [3]. - For the fiscal years 2023 and 2024, the company reported revenues of approximately CNY 55.728 billion and CNY 55.864 billion, with annual profits of about CNY 1.24 billion and CNY 1.326 billion, respectively [3]. - In the first four months of 2025, the company achieved a revenue of CNY 19.707 billion and a profit of approximately CNY 491 million, indicating a growth in net profit due to increased sales and gross profit [3].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has requested additional information from Zhibo Zhixing regarding its equity changes and business operations as part of its overseas listing application process [1][2]. Group 1: Equity Changes - Zhibo Zhixing is required to clarify the pricing basis for its past capital increases and equity transfers, ensuring fairness and compliance with capital contribution obligations [1]. - The company must provide updates on its capital reduction and increase registration processes as of August 2025, including compliance with procedures and tax payments [1]. - The CSRC has asked for confirmation on whether there are any uncompleted requirements regarding state-owned shareholder identification [1]. Group 2: Business Operations - Zhibo Zhixing needs to detail its business scope, including value-added telecommunications services, market research, and advertising, and confirm whether it has the necessary licenses and qualifications [2]. - The company must report on the progress of its subsidiary Zhi Yun Tu's telecommunications business license and the specific activities it plans to undertake [2]. - A clear explanation of the business model involving large language models is required, including the status of relevant model registrations [2]. Group 3: Compliance and Operations - Zhibo Zhixing is asked to confirm whether it has developed or operates websites, apps, or other digital products, and to outline its data protection measures and user information management [2]. - The company must provide updates on any ongoing litigation or arbitration cases that could pose substantial obstacles to its overseas listing [2]. Group 4: Listing Process - Zhibo Zhixing is required to adhere to the regulations outlined in the "Trial Measures for the Administration of Overseas Issuance of Securities and Listing by Domestic Enterprises" to ensure there are no prohibitive circumstances for its overseas listing [3]. - The company must disclose the expected fundraising amount if the overallotment option is fully exercised and confirm the status of shares held by participating shareholders in the "full circulation" process [3]. Group 5: Company Overview - Zhibo Zhixing is identified as a supplier of intelligent cockpit solutions, focusing on transforming vehicles into interactive smart partners through its self-developed automotive operating system and AI architecture [4]. - The company aims to enhance the in-car experience by enabling natural voice control and personalized cabin experiences for vehicle owners [4].

Core Viewpoint - The China Securities Regulatory Commission has issued a notice regarding Ningbo Joyson Electronic Corp's overseas issuance and listing, with plans to issue up to 283,239,000 shares for public offering in Hong Kong, representing approximately 15% of the total share capital post-listing [1] Group 1: Company Overview - Joyson Electronics is a leading global provider of intelligent automotive technology solutions, with R&D centers and supporting factories in major automotive production countries [1] - The company has primarily focused its capital market activities domestically until now [1] Group 2: Strategic Implications - Listing on the Hong Kong Stock Exchange will facilitate the company's global strategy of integrating business and capital, enhancing its international capital operation platform [1] - The move is expected to improve the company's influence in international markets and support its global business development [1] Group 3: Financial Flexibility - Post-listing, Joyson Electronics will gain access to more convenient financing channels and a wider range of financing tools [1] - This flexibility will allow the company to conduct equity and debt financing activities according to its development strategy and business needs, thereby strengthening its global capital operation capabilities [1] - The funding will support the company's business expansion, technological research and development, and mergers and acquisitions [1]