EFORT Intelligent Equipment Co., Ltd. (SHSE:688165) agreed to acquire and additional 9% stake in Robox Spa from Marzio Montorsi and Lea Montorsi for €2 million on March 11, 2022. Both Marzio Montorsi and Lea Montorsi will sell 4.5% stakes from their holdings of 30.99% and 29.01% respectively. Post completion, EFORT will hold 49% stake in Robox Spa. On September 30, 2021, Robox Spa reported Total Assets of €9.762 million and Net Assets of €4.491 million. The transaction is subject to approval from EFORT's shareholders and has been approved by the board of EFORT.