Shanghai Institute of Aerospace Control Technology acquired Shanghai Nenghang Electromechanical Development Co., Ltd. from Shanghai Aerospace Automobile Electromechanical Co., Ltd. (SHSE:600151) for CNY 344.874 million on December 26, 2022. On December 27, 2022, the Shanghai Aerospace Automobile Electromechanical Co., Ltd. (SHSE:600151) received the entire transaction price of 344.874 million yuan.

Shanghai Institute of Aerospace Control Technology completed the acquisition of Shanghai Nenghang Electromechanical Development Co., Ltd. from Shanghai Aerospace Automobile Electromechanical Co., Ltd. (SHSE:600151) for CNY 344.874 million on December 26, 2022.