AUCMA: Intends to acquire 45% equity of its holding subsidiary Qingdao AUCMA Smart Industry Co., Ltd. for 253 million yuan.

Aucma announced that it plans to acquire 45% of the equity of its subsidiary Qingdao Aucma Smart Industry Co., Ltd. held by minority shareholder Qingdao Jingshan Light Machinery Investment Co., Ltd. for 253 million yuan. After the transaction is completed, the company will hold 100% equity of the Smart Industry Company.