Core Viewpoint - Shenyang Machine Tool (000410.SZ) has decided to forgo the acquisition of a 68.87% stake in Nanjing Second Machine Gear Machine Tool Co., Ltd. due to potential competition concerns within the metal cutting machine tool industry [1] Group 1: Company Actions - The company received a notification from its controlling shareholder, China General Technology (Group) Holding Co., Ltd., regarding the investment opportunity in Nanjing Second Machine [1] - After careful analysis, the company has opted not to pursue the acquisition of the Nanjing Second Machine opportunity [1] - Following the company's decision, the controlling shareholder will proceed with the acquisition based on its overall strategic planning [1] Group 2: Industry Context - Nanjing Second Machine specializes in the research, production, and sales of gear machine tools, which aligns with the company's operations in the metal cutting machine tool sector, indicating potential industry competition [1] - The controlling shareholder has fulfilled its obligations under a previous commitment to avoid competition with Shenyang Machine Tool, ensuring compliance with the terms outlined in the commitment letter [1]

Core Viewpoint - The company has decided to forgo the opportunity to acquire a 68.87% stake in Nanjing Erji Gear Machine Tool Co., Ltd due to potential competition within the metal cutting machine tool industry [1] Group 1: Company Actions - The company received a notification from its controlling shareholder, General Technology Group, regarding the investment opportunity [1] - After careful analysis, the company has opted not to pursue the acquisition of Nanjing Erji [1] - Following the company's decision, General Technology Group will proceed with the acquisition of Nanjing Erji based on its overall strategic planning [1] Group 2: Industry Context - Nanjing Erji's main business involves the research, development, production, and sales of gear machine tools, which aligns with the company's operations in the metal cutting machine tool sector [1] - The potential for competition in the same industry was a significant factor in the company's decision to abandon the acquisition [1]