Landai Technology Group Corp., (002765.SZ) plans to indirectly invest 5 million yuan in Quan Zhibo, which is mainly engaged in Siasun Robot&Automation's joint-related business.

Landai Technology Group Corp.,(002765.SZ) announced that its wholly-owned subsidiary, Chongqing Landai Automation Technology Co., Ltd. (referred to as "Landai Automation"), intends to invest in and hold shares of Wuxi Quanzhi Bo Technology Co., Ltd. (referred to as "Quanzhi Bo") in partnership with Yixing Xingcheng Entrepreneurship Investment Partnership (Limited Partnership) (referred to as "Yixing Xingcheng") and Wuxi High-tech Zone Xin Investment Angel Entrepreneurship Investment Fund (Limited Partnership) (referred to as "Wuxi Xin Investment"). Landai Automation, Yixing Xingcheng, and Wuxi Xin Investment intend to subscribe RMB 5 million each to Quanzhi Bo's new registered capital of RMB 3.01295 million, and after this investment, Landai Automation will hold 4.3478% of Quanzhi Bo's equity. The announcement states that the target company is mainly engaged in the research, design, production, and sales of Siasun Robot&Automation joints, and has strong market competitiveness in the field of Siasun Robot&Automation joints. The company's subsidiary will invest in the target company and intends to cooperate with them on the research, production, testing, and assembly of Siasun Robot&Automation integrated joints and their core components.