ESTUN (02715.HK): Completion of acquisition of 100% equity in Estun Kuzhuo for RMB 487.1 million

NewTimeSpace News: On 7 September 2026, Estun Automation Co., Ltd. (stock code: 02715) announced that the completion of the acquisition of 100% equity interest in Nanjing Estun Kuzhuo Technology Co., Ltd. had taken place on 2 September 2026 in accordance with the terms of the equity acquisition agreement. As of the date of the announcement, Estun Kuzhuo has become an indirect wholly-owned subsidiary of the company, and its financial results have been consolidated into the group's financial statements.

The acquisition was made in cash by the company's wholly-owned subsidiaries Nanjing Estun Robot Engineering Co., Ltd. and Nanjing Dingtong Electromechanical Automation Co., Ltd., with a total consideration of RMB 487.10 million. It was approved by the company's sixth board meeting (second session) held on 4 August 2026 and the second extraordinary shareholders' meeting of 2026 held on 31 August 2026, and constitutes a connected transaction. Upon completion, the company indirectly holds 100% of Estun Kuzhuo through the two subsidiaries, and Estun Kuzhuo has been consolidated into the company's financial statements.

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