Henan Thinker Automatic Equipment Co.,Ltd. (SHSE:603508) agreed to acquire remaining 2% stake in Henan Thinker Precision Electronic Equipment Co., Ltd. from Zhengzhou Thinker Precision Enterprise Management Center (Limited Partnership) for CNY 1 million on October 26, 2021. Upon completion, Henan Thinker Precision will operate as wholly owned subsidiary of Henan Thinker Automatic. The transaction will be funded with Henan Thinker Automatic’s own funds. The unaudited total assets and net assets of Henan Thinker Precision as of September 30, 2021, were CNY 179.89 million and CNY 51.97 million, respectively. The audited total assets, net assets, operating income and net loss of Henan Thinker Precision, for the period ended December 31, 2020, were CNY 158.25 million, CNY 45.07 million, CNY 123.80 million and CNY 5.34 million, respectively. The transaction is within the approval authority of the Henan Thinker Automatic’s board of directors and does not need to be submitted to the shareholders meeting for deliberation.