Shenyang Machine Tool Co., Ltd. (SZSE:000410) agreed to acquire Shenyang Machine Tool Zhongjie Friendship Factory Co., Ltd. from Genertec Shenyang Machine Tool Co., Ltd. on October 20, 2023. Shenyang Machine Tool Zhongjie Friendship Factory Co., Ltd. reported Total assets worth CNY 1.28 billion and Total common equity of CNY 699 million in August 31, 2023. Shenyang Machine Tool Zhongjie Friendship Factory is already approved by Shenyang Machine Tool board of director's and transaction has also been approved by controlling shareholder in-principle.Transaction is still subject to Internal approval by the counterparties, Approval of final plan by the Shenyang Machine Tool's board of directors, state-owned asset supervisory authorities, Shenyang Machine Tool's shareholders?

meeting and approval by Shenzhen Stock Exchange and China Securities Regulatory Commission.