Autek China Inc. (SZSE:300595) signed the share transfer agreement to acquire an additional 39% stake in Bengbu Autek Optical Equipment Technology Co., Ltd. from Shi Jing for CNY 45 million on June 16, 2023. Under the terms, Shi Jing within 10 days from the effective date of this agreement, open a jointly managed bank account and Autek shall pay within 15 days from the effective date of this agreement, the buyer shall pay 25% of the equity transfer price and within 10 days from the completion date of delivery, the buyer shall pay the remaining equity transfer price. In a related transaction, Autek signed the share transfer agreement to acquire 12 companies.

For the year ended December 31, 2022, Bengbu Autek reported Total assets of CNY 29.01 million, Net asset of CNY 25.96 million, Revenue of CNY 19.54 million, Operating profit of CNY 16.29 million and Net profit of CNY 16.21 million.