Recently, your company issued an announcement to sell the equity of a subsidiary. Since it involves AMK business, could you please explain the impact it will have on the company?

2021-01-18 10:40
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Zhongding Holdings: Thank you for your attention and support. The following is an interpretation of the divestiture of AMK Industrial business: 1. AMK is divided into two businesses, AMK Automotive and AMK Industrial. The business units are completely independent. The divestiture this time is AMK Industrial; 2. AMK as a whole suffered a large loss in 2019, mainly due to the large losses of AMK Industrial (AMK Industrial employees accounted for 2/3 of the total number of employees, and the processing process is multi-variety, small batch, high cost, and more R&D investment in the past two years); 3. The divestiture of AMK Industrial assets and personnel is to focus on the main automotive business. AMK Automotive is lightly equipped and focuses on air suspension business. Domestic and foreign orders are stable, and performance in 2021 and the future is promising; 4. AMK's improved performance will also provide great support for the turning point and improvement of the company's overall performance;