Estun Automation (002747.SZ) subsidiary plans to acquire Estun Automation's CoolZhu equity for 487 million yuan.

Estun Automation (002747.SZ) announced that its wholly-owned subsidiary Nanjing Estun Automation Siasun Robot & Automation Engineering Co., Ltd. (referred to as Estun Automation Siasun Robot & Automation) and Nanjing Ding Tong Electromechanical Automation Co., Ltd. (referred to as Ding Tong Electromechanical) plan to acquire the equity of Nanjing Estun Automation Kuzhuo Technology Co., Ltd. (referred to as Estun Automation Kuzhuo) for a total cash payment of 487 million yuan. Upon completion of the transaction, the company will indirectly hold 100% of the equity of Estun Automation Kuzhuo through subsidiaries Estun Automation Siasun Robot & Automation and Ding Tong Electromechanical, and Estun Automation Kuzhuo will be included in the companys consolidated financial statements. It is reported that Estun Automation Kuzhuos main business is the research and development, production, and sales of collaborative Siasun Robot & Automation, embodied intelligent Siasun Robot & Automation, and their core components. Its main products are collaborative Siasun Robot & Automation and embodied intelligent Siasun Robot & Automation with load capacities of 3-35 kg, and the downstream application fields mainly include industries such as automotive, home appliances, 3C electronics, and food logistics. This transaction benefits the continuous improvement of the entire industry chain layout from dimensions such as product matrix, industrial implementation, globalization strategy, technological research and development, and market resources, builds an efficient industrial synergy effect, enhances the company's long-term comprehensive competitiveness, aligns with the companys long-term development and strategic planning, and helps reduce related party transactions between the company and Estun Automation Kuzhuo while avoiding potential risks of competing with the same industry.