Guangdong Create Century Intelligent Equipment Group Corporation Limited (SZSE:300083) intent to acquire the 19.13% stake in Shenzhen Create Century Machinery Co.,Ltd. from Sichuan Gloport Investment Development Group Co.,Ltd, Xinjiang Glory Innovation Equity Investment Partnership (Limited Partnership) and National Manufacturing Transformation Upgrade Fund Co., Ltd. for CNY 1.3 billion on September 15, 2021. As of October 8, 2021, Guangdong Create Century Intelligent Equipment Group Corporation Limited (SZSE:300083) agreed to acquire 19.13% stake in Shenzhen Create Century Machinery Co.,Ltd. from Sichuan Gloport Investment Development Group Co.,Ltd, Xinjiang Glory Innovation Equity Investment Partnership (Limited Partnership) and National Manufacturing Transformation Upgrade Fund Co., Ltd. Transaction has been approved from Guangdong Create Century Intelligent Equipment Group Corporation Limited board of directors. The transaction is still subject to regulatory approval.

The final specific plan and relevant terms of this transaction will be determined by the parties to the transaction signing a formal agreement to issue shares to purchase assets. Post acquistion, Shenzhen Create Century will become a wholly-owned subsidiary of Guangdong Create Century Intelligent Equipment Group Corporation Limited. As of December 30, 2021, Shenzhen Create Century Machinery Co.,Ltd reported total assets of CNY 9,522.07 million and total common equity of CNY 5,368.16 million.

Wang Changqing of CSC Financial Co., Ltd. (SEHK:6066) acted as financial advisor, Li Weidong of Guangdong Haipai Law Firm acted as legal advisor and Lu Shimin of Zhonghua Certified Public Accountants LLP acted as accountant to Guangdong Create Century Intelligent Equipment.