CALB (03931) issued an Announcement stating that remarkable progress has been achieved in its acquisition and share - subscription process for Su'ao Sensing (300507.SZ). On October 10, 2025, the registration procedures for the transfer of the target shares were duly completed. As a result, CALB now owns a 10.94% stake in Su'ao Sensing. In line with the pre - established agreement, both parties are obligated to accomplish subsequent tasks within 30 working days following the completion of the transfer registration. These tasks include, among others, the re - election of the board of directors. On November 21, 2025, Su'ao Sensing convened a general meeting of shareholders. During this meeting, the adjustment plan for the board members was approved. The newly - adjusted board of directors comprises five directors. Out of these, four are nominated by CALB, with the exception of one employee director. After completing all the relevant procedures, CALB secures a majority of seats on Su'ao Sensing's board of directors. This majority enables CALB to wield significant influence over the passage of resolutions. Consequently, Su'ao Sensing is now considered a non - wholly owned subsidiary of CALB. As a result, its financial results will be incorporated into CALB's consolidated financial statements. As of the date of the announcement, the subscription for the newly issued shares of Su'ao Sensing remains incomplete. CALB has committed to issuing subsequent announcements in a timely manner to keep stakeholders informed about the progress of the share subscription.