Dongyang precision: the acquisition of 100% equity and debt restructuring of GMD group in France has been completed.
East Mountain Precision Corporation announcement: The company held the twenty-first meeting of the sixth board of directors on May 12, 2025, and approved the resolution on "Acquisition of 100% equity and debt restructuring of French GMD Group." The subsidiary DSBJ PTE. LTD has been approved to acquire 100% equity of Groupe Mcanique Dcoupage and restructure its debts, totaling approximately 100 million euros. As of now, all necessary conditions for this transaction have been met, and all parties have completed the signing of all transaction documents. The acquisition and debt restructuring have been successfully completed, and GMD Group has officially become a wholly-owned subsidiary of the company since the date of delivery, and will be included in the company's consolidated financial statements in accordance with Enterprise Accounting Standards from November 1, 2025.
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