FAWER Automotive Parts Limited Company (SZSE:200030) agreed to acquire ABC Umformtechnik GmbH & Co. KG and ABC Umformtechnik GmbH from Altenloh, Brinck & Co. GmbH & Co. KG for €12.6 million on August 14, 2020. As per terms of transaction, the acquisition will happen in two phases, the first for 80% of the targets and 20% for the second. FAWER Automotive Parts Limited Company completed the acquisition of 80% stake in ABC Umformtechnik GmbH & Co. KG and ABC Umformtechnik GmbH for €10.1 million on February 1, 2021. The actual transaction consideration will be adjusted according to the audited final delivery statement. The source of funds for this transaction is FAWER Automotive Parts Limited Company's own funds. For the year ended December 31, 2019, ABC Umformtechnik GmbH & Co. KG and ABC Umformtechnik GmbH reported total assets of CNY 252.09 million (€32.26 million), net assets of CNY 179.14 million (€22.92 million), revenue of CNY 559.20 million (€71.56 million) and net profit of CNY 8.9 million (€1.14 million). The transaction is subject to regulatory approvals in China and Germany. The transaction has been reviewed and approved in the 24th meeting of the 9th Board of Directors of FAWER Automotive Parts Limited Company on August 14, 2020. Sandra Link, Tilmann Becker, Katrin Thoma, Heling Zhang, Markus Hill, Daniel Ehret and Johannes Reitzel of KWM Europe Rechtsanwaltsgesellschaft mbH acted as legal advisor to FAWER. WANG Kaiding, MENG Fanqing, ZENG Tao, LI Jia, WANG Dan, JIANG Xuhua, LIN Yiyang, LIU Cheng and BI Yun of King & Wood Mallesons, China acted as legal advisor to FAWER. Florian Wolff, Adalbert Rodding and Jia Ding LL.M of GÖRG Rechtsanwälte and Patrick von Herz of Lincoln International AG acted as legal and financial advisor respectively to Altenloh, Brinck & Co. GmbH & Co. KG. Ernst & Young (China) Advisory Limited acted as an accountant and financial and due diligence provider to FAWER.

FAWER Automotive Parts Limited Company (SZSE:200030) completed the acquisition of ABC Umformtechnik GmbH & Co. KG and ABC Umformtechnik GmbH from Altenloh, Brinck & Co. GmbH & Co. KG on december 31, 2021.