Core Viewpoint - Beijing Saimo Technology Co., Ltd. announced an investment agreement involving its wholly-owned subsidiary Zhejiang Saimo Technology Co., Ltd., which will receive a total investment of RMB 12.009804 million, resulting in a 49% equity stake for the investors [1][2]. Group 1: Investment Details - The investment will increase the registered capital of the target company from RMB 10 million to RMB 19.607843 million, with Beijing Saimo Technology retaining a 51% stake [1]. - The total investment includes RMB 8.333333 million from Shuxin Juhui Consulting and RMB 3.676471 million from Xinjuhui Technology, with specific contributions in cash and intellectual property [1][2]. - The agreement stipulates that if the assessed value of the intellectual property exceeds the subscribed amount, the difference will be added to the company's capital reserve; if it is lower, the investors must make up the shortfall in cash [1]. Group 2: Intellectual Property and Governance - The entrepreneurial team has committed to transferring the ownership, usage, and revenue rights of the intellectual property to the target company before the first delivery, allowing exclusive use without additional fees [2]. - A shareholder agreement includes a consistent action arrangement, ensuring that if Beijing Saimo's stake falls below 50%, the investors will act in concert with the company on major decisions [2]. Group 3: Financial Performance and Future Outlook - The target company currently has no operational business and is not generating cash flow, leading to a valuation of approximately RMB 12.116 million based on asset-based assessment methods [3]. - Financial data indicates a net loss of RMB 1.5623 million for 2023, with a projected net profit of RMB 3.8595 million for 2024, and total assets of approximately RMB 30.5123 million as of November 30, 2025 [3]. - The cash from this investment will be allocated to research and development, while the intellectual property will support future product development [3]. Group 4: Industry Context - The company focuses on simulation testing technology for intelligent connected vehicles (ICV), aiming to enhance its capabilities in electronic digital twin technology to meet the growing complexity of automotive electronic systems [4]. - The introduction of core entrepreneurial members and resources is intended to develop electronic digital twin technology and related products, reinforcing the company's leading position in the automotive testing and validation sector [4]. - Beijing Saimo Technology is recognized for its expertise in ICV simulation testing product design and related validation solutions, with the target company established in April 2019 to engage in ICV testing-related activities [4].

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的內容概不 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 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 Beijing Saimo Technology Co., Ltd. 北京賽目科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2571） 須予披露交易 認購該等結構性存款產品 及 臨時偏離全球發售所得款項用途 認購該等結構性存款產品 董 事 會 宣 佈，自 二 零 二 五 年 三 月 三 日 至 二 零 二 五 年 五 月 二 十 六 日 期 間，本 公 司 分 別 從 中 國 銀 行 和 招 商 銀 行 認 購 了 該 等 結 構 性 存 款 產 品，認 購 金 額 乃 是 使 用 本 公 司 自 有 閒 置 資 金，詳 情 如 下： 中國銀行結構性存款產品 – 1 – • 於 二 零 二 五 年 三 月 三 日，本 公 司 分 別 認 購 金 額 為 人 ...

Core Viewpoint - The report highlights the significant growth of Sai Mu Technology in the ICV simulation testing industry, showcasing strong financial performance and strategic advancements post-IPO [1][2][3]. Financial Performance - The company achieved revenue of 90.96 million yuan, a year-on-year increase of 63.7% [1]. - Gross profit reached 57.97 million yuan, up 48.4% year-on-year [1]. - The company reported a profit of 1.32 million yuan, marking a turnaround from a loss [1]. Product and Service Development - Sai Mu Technology's core products include the Sim Pro simulation testing tool and the Safety Pro safety analysis tool, both certified under ISO 26262 [1]. - Sim Pro is noted as the world's first simulation testing toolchain to receive the highest functional safety ASIL D certification [1]. - The company has seen a 56.7% increase in sales revenue from ICV simulation, testing, and analysis software, totaling approximately 49.07 million yuan [2]. Market Position and Growth Potential - The ICV testing and validation sector is viewed as a catalyst for the commercialization of autonomous vehicles, with significant market growth anticipated [2][4]. - Morgan Stanley predicts the global autonomous vehicle market will reach 200 billion USD by 2030, with autonomous vehicles accounting for 28% of car sales [4]. - Sai Mu Technology holds a market share of approximately 5.3% in the ICV testing and validation solutions sector and 5.9% in the ICV simulation testing software market [4]. Strategic Initiatives - The company plans to increase investment in technology upgrades and product innovation to meet the growing demands of ICV testing and validation [5]. - Sai Mu Technology is expanding its geographical market coverage and deepening customer relationships, including establishing a branch in Hong Kong for overseas market expansion [5]. - The company has contributed to over 70 national and industry standards related to intelligent connected vehicles, with a significant standard for simulation testing recently approved [5]. Collaboration and New Ventures - Sai Mu Technology is expanding into emerging fields such as smart manufacturing and low-altitude economy, having formed strategic partnerships with companies like Amap Software [6]. - The company signed a strategic cooperation agreement with a testing service provider to support Chinese automotive companies in meeting international regulations and standards [6].