Fuwei's controlling subsidiary acquires 100% stake in Fuwei Adient Metal Parts for 318 million yuan

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Fuwei announced that its controlling subsidiary Fuwei Adient plans to purchase the 50% stakes in Fuwei Adient Metal Parts held by the company and Adient Asia respectively, with a total transaction amount of 318 million yuan. After the equity transfer is completed, Fuwei Adient Metal Parts will become a wholly-owned subsidiary of Fuwei Adient and a controlled second-tier subsidiary within the company's consolidated financial statements. The transaction aims to achieve integrated consolidation of seating technology, business and strategy, and to build a complete industrial closed loop.

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Changchun Faway Automobile Components Co Ltd
600742
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Fuwei's subsidiary Fuwei Adient acquires the remaining 50% of Fuwei Adient Metal Parts for 318 million yuan, consolidating seating technology and business into a wholly-owned controlled subsidiary.

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富维安道拓金属件i
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