Zhitong Finance App News, Chuangli Group (603012.SH) announced that on May 21, 2024, the company signed a “Share Transfer Agreement” with shareholders Zheng Changlu and Liu Yi of Shanghai Shenchuan Electric Co., Ltd. (“Shenchuan Electric”). The company purchased the counterparty in the transaction for a total of RMB 281 million to hold 51% of Shenchuan Electric's shares. After the transaction is completed, the company will become the controlling shareholder of Shenchuan Electric.

According to reports, the company is mainly engaged in coal mining machinery and equipment manufacturing and service business. Shenchuan Electric is mainly engaged in R&D, production and sales of intelligent auxiliary transportation equipment for mines and intelligent mining systems. Its main products include mining explosion-proof battery monorail cranes, mining explosion-proof battery locomotives, and intelligent mining systems. This transaction will help enrich the company's intelligent coal mining machinery and equipment product line, expand the company's business to the field of intelligent auxiliary transportation for mining, and help upgrade the company's complete smart mining technology and equipment service plan.