Avary Holding completes Wuxi Huayang acquisition and capital increase

Avary Holding announced the completion of its acquisition and capital increase in Wuxi Huayang Technology. The transaction, approved on October 30, 2025, involved the acquisition of 27.60 million yuan of registered capital and a subscription for an additional 9.95 million yuan in registered capital, totaling a transaction value of 356.72 million yuan. Following completion, Avary Holding now directly holds 53.68% of Huayang Technology's equity, incorporating it into its consolidated financial statements.

The industrial and commercial change registration for Huayang Technology has been completed, as confirmed by its new business license issued by the Wuxi City Liangxi District Data Bureau on December 23, 2025. This officially finalizes the equity transfer and capital increase.

Avary Holding has paid 50% of the equity transfer consideration to the selling shareholders and will pay the remaining 50%, along with the capital contribution for the new registered capital, using its own funds. The acquisition is expected to bolster Avary Holding's capabilities in areas such as automotive components, integrated circuits, and electronic components.