China workers ' international controlling rights transferred to SFC approved

China Industry International announced today that the shareholding of the company's controlling shareholder has been approved by the SFC, while the CSRC approves the exemption of the Chinese machinery Industry group from the transfer of state-owned assets to the international 117.88 million shares, resulting in an offer acquisition obligation to control approximately 64.41% of the company's total equity. The company said that the transfer of stock rights has been approved by the SASAC and the SFC, the relevant parties will complete the transfer process as soon as possible, the transfer formalities completed, the company's controlling shareholders will be China's engineering and agricultural machinery Import and Export Corporation formally changed to China Machinery Industry Group.