Autek China Inc. (SZSE : 300595) signed the share transfer agreement to acquire additional 39% stake in Fuzhou Autek Medical Devices Co., Ltd. from Ye Xiaodan, Liao Lianming and Luo Dongming for approximately CNY 120 million on June 16, 2023. In related transactions, Autek China Inc. agreed to acquire 39% stake in Jingjiang Autek Jingcheng Eye Health Service Co., Ltd., Suzhou Kangshi Health Eye Information Consulting Co., Ltd., Quanzhou Autek Optical Technology Co., Ltd., Kunming Shikang Eye Clinic Co., Ltd., Bengbu Autek Optical Equipment Technology Co., Ltd., Shenzhen Mingmou Ruishi Eye Clinic, Xuancheng Dental Hospital Co., Ltd., Xiantao Jiashi Eye Clinic Co., Ltd., Yichang Mengdaiwei Optical Technology Co., Ltd., Xuancheng Mengdaiwei Medical Devices Co., Ltd., 20% stake in Wuhu Autek Medical Devices Sales Co., Ltd. and 30% stake in Xuancheng Autek Baixiu Medical Devices Co., Ltd. from various sellers for an aggregate consideration of approximately CNY 370 million. Pursuant to transaction, Ye Xiaodan, Liao Lianming and Luo Dongming will transfer their 15.60%, 11.70% and 11.70% stake in Fuzhou Autek Medical, respectively and after the acquisition, Autek China’s stake in it will increase from 51% to 90%.

Fuzhou Autek Medical had total assets, net assets, revenue, operating profit and net profit of CNY 50.35 million, CNY 39 million, CNY 47.39 million, CNY 18.10 million and CNY 17.32 million, respectively, for the period ended December 31, 2022.