Core Viewpoint - China CNR Corporation Limited (601766) (01766) aims to establish a high-end intelligent equipment manufacturing demonstration base in Beijing to expand its urban rail transit market and support the development of its strategic new industries [1] Group 1: Transaction Details - On October 30, 2025, Changchun Railway Vehicles Co., Ltd. (a non-wholly owned subsidiary of the company) signed a share transfer agreement with the Erqi Locomotive Company [1] - According to the agreement, Changchun Railway Vehicles will acquire 100% equity of the Equipment Technology Company for approximately RMB 186 million [1] - Following the completion of this transaction, Erqi Locomotive Company will no longer hold any equity in the Equipment Technology Company, which will become a wholly-owned subsidiary of Changchun Railway Vehicles [1] Group 2: Strategic Implications - The primary asset of the Equipment Technology Company is the Douduan Industrial Park, which will provide essential space and resources for Changchun Railway Vehicles [1] - This acquisition will help the company overcome existing capacity and business layout bottlenecks, facilitating the implementation of strategic new businesses such as intelligent equipment and new materials [1] - The transaction supports the company's strategic goal of creating a hub for high-end, green, and intelligent solutions for the entire lifecycle of urban rail transit and clean energy equipment in Beijing [1]