Oriental Times completes acquisition of 70% stake in Safer Machinery

Oriental Times Media Corp has officially completed its acquisition of a 70% equity stake in Nantong Safer Machinery Equipment Co., Ltd. The transaction, approved on November 11, 2025, involved Oriental Times Media utilizing its own funds to purchase the stake from Jiangsu Wei Sai Heavy Industry Co., Ltd. for a total consideration of RMB 27,488,698.00.

Following the completion of industrial and commercial change registration, Safer Machinery is now a controlled subsidiary of Oriental Times Media. Safer Machinery, established on April 16, 2009, specializes in the production, processing, and sale of chemical equipment, industrial wastewater, and exhaust gas treatment systems.

The move diversifies Oriental Times Media's business scope, adding manufacturing capabilities for steel structural components, storage equipment, and engaging in technology research related to chemical products and equipment. The new business operations also include import and export activities, subject to national regulations.