Nuobikan AI clarifies RMB 450 million valuation basis for Shaanxi Huibo capital contribution

• Nuobikan issued a supplemental clarification on its June 23, 2026 connected transaction involving a deemed disposal tied to a capital contribution to Shaanxi Huibo.
• Pre-money valuation for Shaanxi Huibo set at about RMB 450 million, based on arm’s-length talks and management quantitative analysis.
• Valuation benchmarked to an average 6.64 price-to-sales multiple from three mainland-listed peers; P/E and P/B were ruled out due to losses and cash-heavy assets.
• Revenue for 2026 projected at about RMB 105 million, including RMB 10.8 million from existing customers; pipeline excludes early-stage projects.
• Applied a 30%–35% illiquidity discount for unlisted equity interests, using industry M&A comparisons from public data sources.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuobikan Artificial Intelligence Technology (Chengdu) Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260811-12279832), on August 11, 2026, and is solely responsible for the information contained therein.