According to Chutian Technology's announcement, the company previously acquired minority shares in the holding subsidiary Hunan Chutian Huaxing Intelligent Equipment Co., Ltd., with a total transaction price of 127.366 million yuan. After the acquisition was completed, Chutian Huaxing became a wholly-owned subsidiary of the company. Recently, Chutian Huaxing has completed the deregistration procedure, and all of its assets, liabilities, rights, business and all other rights and obligations are enjoyed and assumed by the company according to law. This absorption and merger is conducive to optimizing the management structure, reducing management costs, and improving operational efficiency. It has no real impact on the normal operation and financial situation of the company.

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