CSG Smart Science & Technology's Unit Plans to Sell Stakes in Two Firms

CSG Smart Science and Technology Co., Ltd. is a China-based company principally engaged in industrial automation business and electric power automation business. The Company operates through four main segments. The Industrial Automation segment is mainly engaged in research, development and manufacture of intelligent manufacture and robots application products. The Electric Power Automation segment is mainly involved in the research, development of power utilization and distribution automation, as well as rail transportation electric power automation. The New Energy segment is mainly engaged in the research, development and manufacture of electrical vehicle charging piles and energy storage systems. The Other Business segment is mainly engaged in the research, development of logistics and storage automation systems.