HUAMIN signed an investment intention agreement with Tiantai Company

According to the Zhitong Finance APP, Huamin Co., Ltd. (300345.SZ) announced that in order to meet the strategic development needs of the company and further promote its diversified layout, the company has signed an "Investment Intent Agreement" with Guangdong Tiantai Robot Co., Ltd. (hereinafter referred to as "Tiantai Company" or "Target Company"). The investment will not exceed RMB 1 billion in cash, with a valuation not exceeding RMB 1.1 billion, through the subscription of newly registered capital or the transfer of old shares, and the expected shareholding ratio after the transaction is approximately 8%. Tiantai Company is a specialized and innovative enterprise focused on core motion units and motion technology solutions for robots. Currently, it relies on its own technologies in precision transmission, motors, drives, motion control, and materials to develop a series of integrated, high-performance, and low-energy consumption modular products. It has mastered the full chain of R&D and manufacturing capabilities from robot components and modules to complete machines, has obtained more than 200 patents, and has led and participated in the formulation of multiple relevant national standards. Tiantai Company provides integrated modules and complete solutions, with core technologies including planetary roller screws, harmonic reducers, and frameless torque servo motors, which can be applied in fields such as unmanned forklifts, collaborative robotic arms, and robots. Its main products currently include power stations for intelligent forklifts, series modules for AGV handling vehicles, and hollow joints. This transaction is an important measure based on the company's strategy of promoting external development in the hard technology field. Through equity investment, it further deepens cooperation with Tiantai Company, fully leveraging its advantages in technology and professional talent in the robotics field, and promotes the company's gradual realization of a technology platform layout based on its existing new energy business, helping to achieve the company's diversified high-quality development goals, which aligns with the interests of all shareholders and the long-term development of the company