Beijing Yitang Xincheng Technology Partnership Enterprise (Limited Partnership) signed Share Transfer Agreement to acquire a 6.22% stake in NavInfo Co., Ltd. (SZSE:002405) from China Siwei Surveying and Mapping Technology Co., Ltd. for CNY 2.1 billion on July 31, 2023. Under the terms, 147,843,309 shares will be acquired at a price of CNY 14.08 per share. Beijing Yitang Xincheng Technology will pay 30% of the consideration within 5 working days of this agreement.

The transaction is subject to approval by China Aerospace Science and Technology Corporation.