Shenyang Machine Tool Co., Ltd. (SZSE:000410) agreed to acquire Shenyang Zhongjie Aerospace Machine Tool Co., Ltd from Genertec Shenyang Machine Tool Co., Ltd. for CNY 220 million on October 20, 2023. Shenyang Zhongjie Aerospace Machine Tool Co., Ltd reported Total assets worth CNY 554.7 million and Total Common equity of CNY 116.9 million in August 31, 2023. Transaction has already been approved by Shenyang Machine Tool Board of director's and Shenyang Machine Tool controlling shareholder's in-principle.

Transaction is still subject to Internal approval by the counterparties, Approval of final plan by the Shenyang Zhongjie Aerospace 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. Sun Pengfei, Shi Jianhua, Wu Yulu, Song Canjiang, Pan Yunfei, Jiang Zihan, Wu Xiao, Jin Jiaqi, Geng Changyu, Zhang Wenxuan and Sun Yigan of CITIC Securities Company Limited acted as financial advisor, Liu Lu and Zhou Huadong of Fangda Partners acted as legal advisor and Du Gaoqiang and Zhou Jinglin of Mazars Accounting Firm (Special General Partnership) acted as the accountant to Shenyang Machine Tool Co., Ltd.