Seiko Giken ＜6834＞ resolved on the 22nd that its consolidated subsidiary Hangzhou Seiko Giken will undertake a third-party allotment of shares for Suzhou Anzhun Intelligent Equipment (hereafter, Anzhun) in the People's Republic of China. As a result, Anzhun became an equity method related company of Hangzhou Seiko Giken.

Anzhun mainly develops and manufactures automation equipment and smart manufacturing equipment.

The company group mass-produces automobile parts, optical communication parts, etc., and improving production efficiency through automation is an issue. In order to respond to this, we aim to further increase the performance and development speed of automatic machines and improve added value through this collaboration. Also, I think it is possible to strengthen product power by increasing customer convenience through technical cooperation with Anzhun, such as combining IoT and AI. Furthermore, it is assumed that mutual growth can be achieved by expanding sales of Anzhun's industrial robots and smart manufacturing solutions by utilizing the sales channels of the company group, and it was decided to acquire the main shares.