Guangdong Huatie Tongda High-speed Railway Equipment Corporation (SZSE:000976) singed an Equity Transfer Agreement to acquire Qingdao Changyunsheng Rail Transit Co., Ltd. from Shanghai Huhao Enterprise Management Partnership (Limited Partnership) and Shanghai Huanhai Enterprise Management Partnership (Limited Partnership) for CNY 1.1 billion on March 1, 2022. Under the terms, Guangdong Huatie Tongda will pay CNY 560 million each to Shanghai Huhao Enterprise and Shanghai Huanhai Enterprise. As of June 30, 2021, Qingdao Changyunsheng reported total assets of CNY 307.8 million and Owners' equity of CNY 293.1 million. The transaction has been reviewed and approved by all directors at the first extraordinary meeting of the ninth board of directors of Guangdong Huatie Tongda, and it does not need to be submitted to shareholders Assembly consideration.

Guangdong Huatie Tongda High-speed Railway Equipment Corporation (SZSE:000976) completed the acquisition of Qingdao Changyunsheng Rail Transit Co., Ltd. from Shanghai Huhao Enterprise Management Partnership (Limited Partnership) and Shanghai Huanhai Enterprise Management Partnership (Limited Partnership) on March 4, 2022.