Bosch Investment Ltd. agreed to acquire 5% stake in Zhejiang Hechuan Technology Co., Ltd. from Alpha Achieve Limited Group for CNY280 million.

Zhejiang He Chuan Technology Corp Ltd is a China-based company mainly engaged in the research, development, production, sales and application integration of industrial automation products. The Company is committed to providing industrial automation control core components and overall solutions. The Company mainly operates through two segments. The Industrial Control Product Business segment is mainly engaged in the research, development and production of servo systems and programmable logic controllers (PLCs). The Machine Tool Sales Business segment is mainly engaged in the production and sales of industrial control chips, sensors and computer numerical control machine tools. Its products are mainly used in electronics, photovoltaics, lithium batteries, packaging, textiles, logistics, robotics, woodworking, lasers and other industries. The Company mainly conducts its businesses in the domestic market.