Core Navigation Technology: Intends to acquire partial equity of Jishun and Shunlei Technology to promote restructuring.

CoreTech announced that it plans to issue convertible bonds and pay in cash to purchase 100% equity of Jishun Technology and 17.15% equity of Shunlei Technology held by Shengfeng, and raise funds. After the transaction is completed, the company will directly/indirectly hold 100% equity of the two companies, which is expected to constitute a major asset restructuring. On August 3, 2025, the company's relevant meeting approved the transaction scheme. As of the announcement date, the company continues to advance the restructuring, organizing intermediaries to conduct due diligence, audits, evaluations, etc. The transaction still needs to go through internal decision-making procedures and obtain regulatory approval, with uncertainties existing.