[With the Stocks of German OPS, Greatoo Plans to Promote the Company’s Business] This afternoon, Greatoo announced that Greatoo will increase its stocks of German OPS to 23,600, about 21.32% of OPS’s whole stocks, and the purchasing price will no more than 10 million euros.

This afternoon, Greatoo announced that Greatoo will increase its stocks of German OPS to 23,600, about 21.32% of OPS’s whole stocks, and the purchasing price will no more than 10 million euros.

Relevant data show that from December 2011 to March 2012, Greatoo indirectly held 22.34% of OPS’s stocks by OPS Holding by a total of 1.5131 million euros.

According to an announcement, OPS is mainly engaged in researching, manufacturing and selling the complete sets of automatic equipment and relevant technologies, high-end numerical controlled electric discharge machine, high-end  vertical machining centers, with high brand value and reputation in Europe. OPS has many high-end customers, including BMW, VW, Ford, Visteon, Boer, Belrose, Siemens, Nypro, Ace Mold and Zongxin Mold.

Greatoo said that through this investment, Greatoo plans to integrate and optimize OPS and Greatoo’s technologies of industrial automation and intelligent equipment and the two companies’ superior resources of business, complementing each other’s advantages and accelerating the development of Greatoo’s industrial robots and intelligent equipment.

Greatoo is the first listed tire mold manufacturing enterprise in China and taking the lead in the technologies and capacity of tire molds, curing press in the country. Recently, Chaozong Wu, the company’s board expressed that in the future, by inner development and outer extension and acquisitions, Greatoo target at the application market of Guangdong’s competitive industries including auto parts, ceramics, polishing and spraying.

In terms of secondary market, Greatoo’s share price rose a little in the afternoon. The share price was 17.26 yuan, with an increase of 3.70%, until this news was issued.

(Editor in charge: DF207)