According to Zhitong Finance App News, Fuwei Co., Ltd. (600742.SH) announced that the holding subsidiary of the company, Changchun Fuwei Daotuo Auto Accessories Systems Co., Ltd. (“Fuwei Daotuo”) plans to purchase 50% of the shares of the company and Changchun Fuwei Auto Metal Parts Co., Ltd. (“Fuwei Daotuo Metal Parts” for short) held by Adalto Asia, with a total transaction amount of 318 million yuan. After the transaction was completed, Fuvian Daotuo Metal Parts became a wholly-owned subsidiary of Fuvian Daotuo, and Fuvian Daotuo Metal Parts became the controlling subsidiary company within the scope of the company's consolidated statements.

According to reports, the target company of this transaction is the only special R&D and production resource for seat frames within the company, and has independent frame design, precision manufacturing and quality inspection capabilities. After the acquisition is completed, the company will achieve all-round integration of technology, business and strategy in the seat field, and establish a complete industrial closed loop of “R&D and production of core frame parts+assembly and delivery of seat assemblies”.

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