Tianyouwei (603202.SH) plans to acquire 100% of Kramer's shares to better develop customers in the European market

According to the Zhitong Finance App, Tianyouwei (603202.SH) announced that the company plans to use its own capital of 1 million euros to purchase 100% of the shares of Krämer Automotive Systems GmbH (hereinafter referred to as the “target company”, “Kramer”) held by MS-ONE Holding AG. After the acquisition is completed, the company will hold 100% of the shares in the target company, and the target company will be included in the scope of the company's consolidated statements.

The acquisition is in line with the company's international development strategy, helps the company to better explore customers in the European market, especially high-end passenger car customers, helps enhance the company's profitability and sustainable development capabilities, enhances the company's market competitiveness and industry position, and conforms to the interests of the company and all shareholders. The acquisition will help the company further expand its revenue sources, enhance the capital market and investors' recognition of the company's value, and promote the company's high-quality development.