State Council approves ownership change for Chongqing Chuanyi Automation

The State Council's State-owned Assets Supervision and Administration Commission has approved China National Machinery Instrument & Meter (Chongqing) Co., Ltd.'s acquisition of Chongqing Chuanyi Automation. China National Machinery Instrument & Meter Company will acquire 98,841,678 shares (19.26%) from China National Instruments and Meters Group Co., Ltd. and 54,668,322 shares (10.65%) from Chongqing Yufu Holdings Group Co., Ltd., totaling a 29.91% stake in Chuanyi Automation.

This acquisition will change the controlling shareholder from China National Instruments and Meters Group Co., Ltd. to China National Machinery Instrument & Meter Company. The actual controller will shift from the Chongqing SASAC to China National Machinery Industry Group Co., Ltd., whose sole investor is the State Council SASAC. The move aims to optimize state-owned capital allocation and drive high-quality development in the instrumentation industry.

The transaction, initially disclosed in January 2025, requires further confirmation from the Shanghai Stock Exchange and completion of share transfer procedures. The company emphasizes that the final implementation and completion of the transaction remain subject to uncertainty.