Harbin Electric (01133): The motor company and Harbin Electric Group Co., Ltd. signed an equity transfer agreement for Ocean Smart Equipment

According to the Zhitong Finance App, Harbin Electric (01133) issued an announcement. On September 24, 2026, Electric Power Company and Harbin Electric Group Co., Ltd. signed a share transfer agreement for Ocean Smart Equipment Company. Harbin Electric Group Co., Ltd. agreed to transfer 100% of the shares of Ocean Smart Equipment Company held by Hardian Group. The transfer price was RMB 148.614 million (equivalent to approximately HK$17.269,900). After this transfer, Ocean Smart Equipment will become a wholly-owned subsidiary of the motor company.

Entering an equity transfer agreement can help the company: lay out the field of deep-sea equipment, accelerate future industrial development, seize opportunities in the underwater drone market, seize opportunities on marine equipment tracks, and add new economic growth points; reinforce marine engineering equipment R&D and manufacturing capabilities, improve the industrial technology system, enhance the enterprise's core strength in the field of marine equipment, and continuously enhance the competitiveness of underwater unmanned products.