SUZHOU TIANMAI THERMAL TECHNOLOGYSuzhou Tianmai acquires 100% of Hainan Siyang to gain control of Zhongleng Technology, expanding its thermal management business.

Suzhou Tianmai announced plans to acquire a 100% equity stake in Hainan Siyang Investment Co., Ltd. through a cash transaction, thereby indirectly holding a 56.6750% stake in Chengdu Zhongleng Cryogenic Technology Co., Ltd. and consolidating Zhongleng Technology into its financial statements. Zhongleng Technology plans to introduce other investors through a capital increase and share expansion, after which the company's indirect shareholding will change to 51.00%. Zhongleng Technology primarily engages in the research and industrialization of refrigeration and engineering thermophysics technologies, focusing on high and low temperature intelligent equipment for the pan-semiconductor sector. Following this transaction, Zhongleng Technology's refrigeration and engineering thermophysics technologies will complement the company's thermal management technologies, extending its thermal management industry chain and expanding its high and low temperature intelligent equipment business in the pan-semiconductor field.
SUZHOU TIANMAI THERMAL TECHNOLOGYSuzhou Tianmai acquires 100% of Hainan Siyang to gain control of Zhongleng Technology, expanding its thermal management business.
Zhongleng Technology will be consolidated into Suzhou Tianmai and plans capital increase, indicating growth.
Hainan Siyang is being acquired for 100% stake, benefiting from the transaction.