Estun Automation (02715) acquires a 19.4574% stake in Estun Automation Jiangsu Intelligent for approximately RMB211 million.

Estun Automation (02715) announced that on October 27, 2026 (after trading hours), the Company and Seller A signed an Equity Transaction Contract for the acquisition of a 19.4574% equity interest in Estun Automation Jiangsu Intelligent for a consideration of approximately RMB211 million. Upon completion of Acquisition A, the Company will hold a 69.608% equity interest in the target company, which will remain a subsidiary of the Company, and its financial results will continue to be consolidated into the Group's financial statements. Estun Automation Jiangsu Intelligent is principally engaged in the automation, digitalization, and intelligent upgrading of production lines, providing intelligent manufacturing solutions for markets such as lithium batteries, energy storage, new energy vehicles, and sheet metal. It establishes industry technical benchmarks for the Company's automation core components and Siasun Robot&Automation products in various market segments, enabling large-scale scenario applications. To date, it has cumulatively delivered over 100 intelligent production lines, continuously empowering the development of the intelligent manufacturing industry. The proposed acquisition is conducive to deepening business synergy, management synergy, and coordinated resource allocation between the Company and Estun Automation Jiangsu Intelligent, strengthening the Group's control and strategic implementation, enhancing overall operational decision-making efficiency, further consolidating the Company's core competitiveness in the intelligent manufacturing sector, and assisting the Company in achieving high-quality development. It aligns with the Company's goals of improving quality and efficiency as well as its long-term steady development strategic layout.