Lengine Defense Technology Group Co., Ltd agreed to acquire a 57.65% stake in SRED Security & Surveillance Technology Co., Ltd. from Changzhou Shenli Electrical Machine Incorporated Company (SHSE:603819) for CNY 294 million on August 10, 2023. The transaction is approved by the board and shareholders of Sichuan Shudao Equipment & Technology on August 10, 2023, and August 28, 2023. As of September 2, 2023, Sichuan Shudao Equipment & Technology received 20% of the transfer price, i.e. CNY 68.56 million.

Lengine Defense Technology Group Co., Ltd completed the acquisition of 57.65% stake in SRED Security & Surveillance Technology Co., Ltd. from Changzhou Shenli Electrical Machine Incorporated Company (SHSE:603819) on January 12, 2024. The transaction will have a positive impact on the Changzhou Shenli Electrical Machine Incorporated Company (SHSE:603819) main financial indicators.