Group 1 - A new company, Xinjiang Harley Bumblebee Machinery Equipment Rental Co., Ltd., has been established with a registered capital of 10 million yuan [1] - The legal representative of the new company is Yu Mingxu, and its business scope includes machinery equipment rental, construction machinery and equipment rental, special equipment leasing, special equipment sales, and project management services [1] - The company is wholly owned by Zhejiang Bumblebee Construction Machinery Equipment Co., Ltd., which is a subsidiary of Hainan Huatie [1]

Group 1 - The core transaction involves the acquisition of an 80% stake in TH Tong Heng Machinery Sdn. Bhd. for a cash consideration of 176 million MYR (approximately 299 million RMB) [1][2] - Following the completion of the transaction, TH Tong Heng Machinery will become a subsidiary of the company, and its financial performance will be consolidated into the group's financial statements [2][3] - The acquisition is part of the company's strategic initiative to enhance its market position and operational capabilities in Southeast Asia, aiming to expand its overseas asset base and integrate a mature sales distribution network in Malaysia [3][4] Group 2 - The target company, established in 1994, primarily engages in machinery and equipment leasing, as well as the sale of new and used machinery [2] - TGCore, another entity involved, was founded in 2019 and focuses on industrial machinery maintenance and wholesale, with significant business overlap with the target company [2] - The transaction is expected to create synergies for the company's existing operations in Malaysia, enhancing operational efficiency and diversifying the business portfolio [3]