An announcement from SH ELECTRIC (ASX: 02727) discloses that on June 17, 2026, its board of directors reviewed and approved a relevant proposal. The board agreed for Shen Zhen Yinghe Technology Co.,Ltd., a non-wholly owned subsidiary of the company, to acquire a 100% stake in Ang Hua Automation via a non-public agreement transfer.
The transaction price is based on the assessed value of all shareholders' equity in Ang Hua Automation as of the valuation reference date of December 31, 2025. The total transaction amount is RMB 204.3484 million. Specifically, Shen Zhen Yinghe Technology Co.,Ltd. will acquire a 58.02% stake in Ang Hua Automation held by Electric Holding for a consideration of RMB 118.5629 million, and acquire the remaining 41.98% stake from eight other shareholders besides Electric Holding for a total consideration of approximately RMB 85.7855 million.
Upon completion of the share transfer, Shen Zhen Yinghe Technology Co.,Ltd. will hold a 100% stake in Ang Hua Automation. Ang Hua Automation possesses mature technology and extensive experience in the field of lithium battery post-processing equipment.
Following this acquisition, within the lithium battery equipment sector, the flexible and intelligent post-processing integration technology owned by Ang Hua Automation can form highly effective synergies with the high-precision, high-stability front and mid-processing equipment of Shen Zhen Yinghe Technology Co.,Ltd.. This will enable Shen Zhen Yinghe Technology Co.,Ltd. to achieve seamless integration across the entire process from electrode sheet manufacturing to module and PACK, establishing equipment supply capabilities covering the full lithium battery manufacturing process.
This not only allows for the provision of one-stop solutions to downstream customers but also effectively enhances production line consistency, stability, and intelligence levels. This better meets customers' high-standard and scaled demands, aiding Shen Zhen Yinghe Technology Co.,Ltd. in capturing strategic opportunities within the new energy vehicle industry.
The acquisition is beneficial for the company in accelerating the enhancement of one-stop smart factory solution capabilities within its lithium battery segment, aligning with the company's strategic development plan and the interests of all shareholders.
This related-party transaction will not adversely affect the company's business development and does not harm the interests of the company and its shareholders. The acquisition does not constitute a significant impact on the company's production, operations, or financial condition.
After acquiring the stake in Ang Hua Automation, Ang Hua Automation will be included in the consolidated financial statements of the company. This acquisition will not result in any competitive conflict.
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