On March 7, 2013, Weichai Power Co., Ltd. issued an announcement that it plans to subscribe for KION Holding 1 GmbH (hereinafter referred to as " KION ") options not exceeding EUR 400 million. At present, Weichai Power holds a 25% stake in Kion GmbH of Germany. If the above increase in shareholdings is successfully completed, the shareholding ratio will rise to 33.3%. The increase in the holding of KG's option in Germany was made by Weichai Power in accordance with the previous agreement for the acquisition of the German KION. Weichai Power (Luxembourg) Holding S.ar.l. (Weichai Luxembourg) is an indirect wholly-owned subsidiary of Weichai Power. ) Exercise, including the German KION company call option and Superlift's 3.3% call option. Weichai Power stated that it is expected that the maximum amount of this transaction will not exceed 400 million euros, and the funds required will be settled through self-financing or loan financing. Weichai Power stated that increasing its stake in the German KION company, nominating two members of the board of supervisors and having a preemptive right are in line with the Company's long-term development and its strategy of cooperating with KION. The transaction that is intended to exercise the call option is still subject to the approval of relevant Chinese government departments and the approval of relevant overseas regulatory authorities (including the approval of the Superlift3.3% call option by overseas relevant regulatory authorities). Prior to this, Weichai Power completed the acquisition of KION with 738 million euros (about 6.052 billion yuan). According to reports, Weichai Power entered the world's leading forklifts and high-end hydraulics through this transaction. Weichai Power also became the new major investor of KION after KKR and Goldman Sachs. Weichai Power Chairman Tan Xuguang once stated that the reorganized KION will leverage on Weichai Power's strong local strength and abundant network resources to rapidly enter the high-growth Asian market, especially benefiting from Weichai Power in China. And Europe's extensive supplier system. On the 6th, Weichai Power rose 1.51% to close at 23.55 yuan per share. Hydraulic Synchronous Motor,Highly Safe Two-Way Synchronous Motor,High Precision Shunt Five-Way Motor,Synchronous Shunt Motor Six-Way Huai'an Youbang Hydraulic Machinery Co., Ltd. , https://www.yb-hydraulic.com