Nuobikan: RMB40.00 million Connected Capital Injection into Shaanxi Huibo Cuts Effective Stake to 66.12%

Nuobikan Artificial Intelligence Technology (Chengdu) Co., Ltd. (Nuobikan) disclosed that on 23 June 2026 it signed an Investment Agreement with five Bojiang-managed funds and existing minority shareholders to expand the capital base of its smart-airport subsidiary Shaanxi Huibo.

The five investors—Bojiang Dingsheng, Bojiang Ruize, Bojiang Ruizhi, Bojiang Xingjia and Pinghu Bojiang—will inject a total of RMB40.00 million (US$5.5 million). Of this amount, RMB1.11 million will raise Shaanxi Huibo’s registered capital from RMB12.50 million to RMB13.61 million, while RMB38.89 million will be credited to the capital reserve.

Post-transaction, Nuobikan’s direct holding in Shaanxi Huibo will fall to 66.12% from 72.00%, with the five new investors collectively owning 8.16%. Other existing shareholders Hanzhong Tonghe, Chengdu Peikun and Pingtan Peikun will hold 7.35%, 17.76% and 0.61%, respectively. Despite the dilution, Shaanxi Huibo remains a consolidated, non-wholly owned subsidiary of Nuobikan.

Based on the agreed pre-money valuation of approximately RMB450 million (US$61.9 million), the post-money valuation of Shaanxi Huibo rises to about RMB490 million (US$67.5 million). The transaction represents a connected transaction and a deemed disposal under Hong Kong Listing Rules, as the Bojiang funds are associates of substantial shareholder Shanghai Bojiang, which owns 14.4% of Nuobikan. The highest applicable percentage ratio after aggregating related transactions is above 0.1% but below 5%, triggering only reporting and announcement requirements.

The agreement includes a repurchase clause: if Shaanxi Huibo fails to become a “Qualified Listed Company” by 12 February 2031, or if specified adverse events occur, the investors can require Nuobikan to repurchase their shares at cost plus 7% simple annual interest.

Nuobikan’s board stated that the capital injection will finance Shaanxi Huibo’s development in the high-growth smart airport sector, leveraging its AI-based visual docking guidance system, already certified by the Civil Aviation Administration of China. The board considers the terms fair, reasonable and in the interests of shareholders as a whole. All proceeds will be employed for business development, working capital and other purposes approved by Shaanxi Huibo’s governing bodies.