Changchun Engley Automobile Industry Co.,Ltd. acquired Tsingtao Engley Auto Part Co., Ltd. for CNY 75 million.

Changchun Engley Automobile Industry Co Ltd is a China-based company mainly engaged in the design, research and development, manufacturing and sales of body structure parts and collision avoidance system parts. The Company's main products include metal parts and non-metal parts. Its metal parts include instrument panel skeletons, anti-collision beams, door sills, electric vehicle (EV) battery lower shells and other body stamping parts. Its non-metallic components include the front frames, underbody guards, spare tire compartment, EV battery upper shells, battery trays and wheel covers. The Company also produces and sells molds related to auto parts. The Company mainly conducts its businesses within domestic market.