HARBIN ELECTRIC (01133): Electric Motor Company and Harbin Electric Corporation Group Company entered into an equity transfer agreement for Marine Intelligent Equipment Company

HARBIN ELECTRIC (01133) announced that on September 24, 2026, the Electric Motor Company and Harbin Electric Corporation Group Company entered into an equity transfer agreement for Marine Intelligent Equipment Company. Harbin Electric Corporation Group Company agreed to transfer, by way of a non-public agreement, and the Electric Motor Company agreed to acquire, 100% equity interest in Marine Intelligent Equipment Company held by Harbin Electric Corporation Group Company, at a transfer price of RMB 14.8614 million (equivalent to approximately HKD 17.2699 million). Following this transfer, Marine Intelligent Equipment Company will become a wholly-owned subsidiary of the Electric Motor Company. Entering into the equity transfer agreement can help the Company: establish a presence in the deep-sea equipment sector, accelerate the development of future industries, seize opportunities in the underwater drone market, secure a first-mover advantage in the marine equipment track, and add new growth drivers; strengthen marine engineering equipment research and development and manufacturing capabilities, improve the industrial technology system, enhance the enterprise's core strength in the marine equipment sector, and continuously improve the competitiveness of underwater unmanned products.