Estun Automation (02715) intends to acquire approximately 44.8601% of Estun Automation Jiangsu Intelligent, increasing its shareholding to approximately 95.0107%.

Estun Automation (02715) announced that on September 23, 2026, the Board resolved: to acquire approximately 19.4574% and 3.7834% of the equity interest in the target company Estun Automation Jiangsu Intelligent held by the National Manufacturing Fund and the Mixed Reform Fund respectively by way of public tender; and to acquire approximately 21.6193% of the equity interest in the target company held by the General Technology High-End Equipment Fund. The reserve prices for Sale Equity A and Sale Equity B are RMB 210.6 million and RMB 40.25 million respectively. The potential public tender acquisition is still subject to the public listing transaction procedures. As of the date of this announcement, the Company has not entered into any formal agreement in respect of the proposed acquisition. As of the date of this announcement, the target company is a subsidiary of the Company, in which the Company holds approximately 50.1506% of the equity interest. If the proposed acquisition can be implemented, upon completion, the Company will hold approximately 95.0107% of the equity interest in the target company. The target company will remain a subsidiary of the Company, and its financial results will continue to be consolidated into the financial statements of the Group. Estun Automation Jiangsu Intelligent is principally engaged in the automation, digitalization and intelligent transformation of production lines, providing intelligent manufacturing solutions for markets such as lithium batteries, energy storage, new energy vehicles and sheet metal, creating industry technical benchmarks for the Company's automation core components and Siasun Robot&Automation products in various market segments, achieving large-scale scenario applications. It has cumulatively delivered over a hundred intelligent production lines, continuously empowering the development of the intelligent manufacturing industry. The proposed acquisition is conducive to deepening the business synergy, management synergy and coordinated resource allocation between the Company and Estun Automation Jiangsu Intelligent, strengthening the Group's management control and strategy implementation, enhancing overall operational decision-making efficiency, further consolidating the Company's core competitiveness in the intelligent manufacturing field, and helping the Company achieve high-quality development, which is in line with the Company's goals of improving quality and efficiency and its long-term steady development strategic layout.