Foshan Huashu Robot Co., Ltd. announced that it will issue 159,337,157 new shares at a price of CNY 1.569000004186092 per share for gross proceeds of CNY 250,000,000 on March 13, 2023. The transaction will include participation from returning investor Wuhan Huazhong Numerical Control System, Inc. for 82.31% stake, currently holds 51% stake in the company. The transaction has been approved in the fifth meeting of the twelfth directorate and is subject to shareholders' approval.

The investment will be completed within eighteen months after the shareholders' approval. After the completion of the transaction the share capital will increase from CNY 90,000,000 to CNY 249,337,157.