According to Ideal Auto's announcement, Maherxin Technology Co., Ltd., an indirect wholly-owned subsidiary, entered into a controlling shareholder subscription agreement to purchase Mahesin Technology's additional registered capital of RMB 42,826,552 with a total purchase price of RMB 1 billion; and Mahexin Technology and Mach Smart Technology signed a subscription agreement with investors for Mahexin Technology's capital subscription agreement. Based on this, investors conditionally agreed to subscribe to Mahexin Technology's additional registered capital of RMB 26,766,595 at a total purchase price of RMB 625 million.

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