Hanma Tech boosts stake in Shanghai Huirong Leasing

Hanma Technology Group (SSE: 600375) announced it will acquire a 1.3661% equity stake in its holding subsidiary, Shanghai Huirong Financing Lease, from SUCCESS MAX COMPANY LIMITED for RMB 1.2 million. The decision, approved by Hanma Tech's board, aligns with the company's operational needs and strategic development. Post-acquisition, Hanma Tech’s direct ownership in Shanghai Huirong will rise from 81.1475% to 82.5136%. The transaction, valued based on a recent asset appraisal, does not constitute a related-party transaction or a major asset restructuring and does not require shareholder approval. Hanma Tech will handle the necessary contract signing and registration changes. The company cautioned investors about uncertainties during the contract signing and approval process.