Autek China Inc. (SZSE:300595) signed the share transfer agreement to acquire a 39% stake in Xuancheng Dental Hospital Co., Ltd. from Huang Chaohui, He Xiaoqing for CNY 16.3 million on June 16, 2023. Under the terms, Huang Chaohui, and He Xiaoqing within 10 days from the effective date of this agreement, open a jointly managed bank account and Autek shall pay within 15 days from the effective date of this agreement, the buyer shall pay 25% of the equity transfer price and within 10 days from the completion date of delivery, the buyer shall pay the remaining equity transfer price. In a related transaction, Autek signed the share transfer agreement to acquire 12 companies.

For the year ended December 31, 2022, Xuancheng Dental reported Total assets of CNY 10.86 million, Net asset of CNY 6.73 million, Revenue of CNY 6.26 million, Operating profit of CNY 2.19 million and Net profit of CNY 2.12 million.