Sumec Corporation (600710.SH) plans to purchase 16.92% stake in Lanpec Technologies for 403 million yuan.

Sumec Corporation (600710.SH) released an announcement that in order to further strengthen the company's support for national strategic capabilities, enhance the layout in related strategic emerging industries, and promote the synergy and mutual benefit of the company's clean energy, ecological environment protection, and green shipbuilding industries, the company intends to purchase 60 million shares of Lanpec Technologies held by China Machinery Engineering Corporation through a non-public agreement transfer. The purchased shares represent approximately 16.92% of Lanpec Technologies' total share capital, at a transfer price of 6.71 yuan per share, with a total transaction value of 403 million yuan, funded by the company's own funds or self-raised funds. This transaction constitutes a related party transaction but does not constitute a major asset restructuring. After the completion of this transaction, the company will hold 21.72% of Lanpec Technologies' equity, making Lanpec Technologies a subsidiary of the company and incorporating it into the company's consolidated financial statements.