NEWAY(SH:603699) Shang Hai Zheng Quan Bao·2025-12-15 20:40Group 1 - The company, Suzhou Neway Valve Co., Ltd., has announced the acquisition of the remaining 40% equity of its subsidiary, Wujiang Dongwu Machinery Co., Ltd., for a total of RMB 139 million, resulting in the company holding 100% ownership of Dongwu Machinery [2] - The acquisition was approved during the 34th meeting of the fifth board of directors and the 27th meeting of the fifth supervisory board held on November 4, 2025 [2] - Following the completion of the equity transfer registration, Dongwu Machinery has officially become a wholly-owned subsidiary of the company [3] Group 2 - The new business registration details for Dongwu Machinery include a unified social credit code of 91320509703695427M, a registered capital of RMB 63.6 million, and it operates as a limited liability company [4] - The company’s business scope includes the production and sales of valves, tools, and mechanical parts, as well as related after-sales services and technology development [4] - The change in ownership structure has been officially documented and the new business license has been issued [3][4]