General Technology Group Machine Tool

SHEN MACHINE announced the completion of the transfer of target assets for its restructuring, acquiring 100% equity of Shenyang Zhongjie Aerospace Machine Tool Co., Ltd. and Shenyang Machine Tool Zhongjie Friendship Factory Co., Ltd., and 78.45% equity of Tianjin Tianduan Press Co., Ltd.

Shenyang Machine Tool plans to issue shares to acquire 100% of Shenyang Machine Tool Zhongjie Friendship Factory and Shenyang Zhongjie Aerospace Machine Tool, and 78.45% of Tianjin Tianduan Press, from related parties.