Shentong Metro: The company intends to purchase 50% of the equity of Metro Electric Technology held

The announcement disclosed that the transaction price of the underlying assets of the restructuring was 140 million yuan, and the transaction consideration was paid in cash. Before and after the completion of the transaction, the controlling shareholder of the listed company is Shentong Group, and the actual controller is the Shanghai State-owned Assets Supervision and Administration Commission. Therefore, this transaction did not lead to a change in the control of the listed company, and did not constitute a transaction as stipulated in Article 13 of the Administrative Measures for Restructuring, nor did it constitute a reorganization and listing.

Shentong Metro said that this transaction will achieve the purpose of becoming a better and stronger listed company by injecting operating assets with synergies with listed companies such as metro power technology and metro property held by Shentong Group, and integrating the business of rail transit operation and maintenance sector through the listing platform. After the completion of this transaction, the listed company will rely on the resource advantages of Shanghai's rail transit industry formed by long-term accumulation, combined with the development potential of the assets to be injected in the rail transit operation and maintenance sector, realize the rapid expansion of business, create new profit growth points, and promote the sustainable development of the listed company.

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