OFILM Group Co., Ltd (002456.SZ) will acquire 86.9974% stake in Anhui Chelian.

OFILM Group Co., Ltd (002456.SZ) announced that the company plans to use 241 million yuan of its own funds to purchase the entire equity stake (5.3050%) of Anhui OuFei Intelligent Vehicle Networking Technology Co., Ltd (referred to as "Anhui Vehicle Networking") held by Shenzhen Xinshi Xingxing Industry Mergers and Acquisitions Equity Investment Fund Partnership Enterprise (limited partnership) (referred to as "Shenzhen Xinshi Fund"), and intends to sign the "Anhui OuFei Intelligent Vehicle Networking Technology Co., Ltd Equity Transfer Agreement" with Shenzhen Xinshi Fund and Anhui Vehicle Networking; In addition, the company plans to use 123 million yuan of its own funds to purchase the entire equity stake (3.1570%) of Anhui Vehicle Networking held by Nanjing FAW Innovation Fund Investment Management Center (limited partnership) (referred to as "FAW Innovation Fund"), and intends to sign the "Anhui OuFei Intelligent Vehicle Networking Technology Co., Ltd Equity Repurchase Agreement" with FAW Innovation Fund and Anhui Vehicle Networking. After purchasing the equity stake of minority shareholders of the subsidiary, the company's equity stake in Anhui Vehicle Networking will increase from 78.5354% to 86.9974%. It is reported that implementing this matter can further strengthen the management of the subsidiary, improve governance levels and decision-making efficiency, and reduce management costs and risks.