Zhejiang Sanhua Intelligent Controls Co., Ltd. (SZSE:002050) agreed to acquire Tianjin WKW Auto Parts Co., Ltd. from Beijing WKW Automotive Parts Co.,Ltd. (SZSE:002662) for approximately CNY 150 million on October 8, 2018. Zhejiang Sanhua Intelligent Controls signed an Equity Transfer Agreement to acquire Tianjin WKW Auto Parts Co., Ltd. from Beijing WKW Automotive Parts on October 10, 2018. The transaction is approved at the 34th meeting of the 4th directorate of Beijing WKW Automotive Parts.

Zhejiang Sanhua Intelligent Controls Co., Ltd. (SZSE:002050) completed acquisition of Tianjin WKW Auto Parts Co., Ltd. from Beijing WKW Automotive Parts Co.,Ltd. (SZSE:002662) on November 10, 2018.