Zoomlion Heavy Industry Science and Technology Co., Ltd. (SZSE:000157) entered into equity transfer agreement to acquire 29.99% stake in ShenZhen RoadRover Technology Co.,Ltd (SZSE:002813) from Guo Xiumei for approximately CNY 800 million on February 7, 2022. As per the transaction, Zoomlion Heavy Industry Science and Technology Co., Ltd. will pay CNY 21.67 per share. The transaction will be financed from internal resources and/or self-raised funds.

The transaction is subject to issuance of a compliance confirmation by the Shenzhen Stock Exchange approving the acquisition.