Shanzi High-Tech has officially announced that its subsidiary, Shanzi Automobile, has successfully negotiated an agreement with Harbin Yunkai Auto Parts Co., Ltd. Pursuant to this agreement, Harbin Yunkai will acquire an 80% equity stake in Heilongjiang Yunfeng Automobile Co., Ltd., currently held by Shanzi Automobile. The transaction value for this equity transfer amounts to RMB 24.6 million.
