Tianrun Industry: Plans to acquire 100% equity of Shandong Altai for 135 million yuan.

Tianrun Industry announced on the evening of July 22nd that it plans to use its own funds of 135 million yuan to acquire 100% equity of Shandong Altai Automobile Parts Co., Ltd. held by Jiangsu Dongxi Engine Parts Co., Ltd., Altai Metal, Dongxi Machine Works, and Han Huizhen. This transaction falls within the decision-making authority of the company's board of directors and does not require approval by the company's shareholders' meeting. After the completion of this transaction, Shandong Altai will become a wholly-owned subsidiary of the company.