According to an announcement of GoerTek issued on July 23, its wholly-owned Japan GoerTek intends to buy all equities of Nikko MaChinery Co., Ltd with JPY 12m (approx. RMB 1m) and add investment of JPY 88m (approx. RMB 7m) to Nikko. With the increased investment, Nikko will have a registered capital of JPY 20m (approx. RMB 1.6m).
 
The financial source of the investment is from the own capital of Japan GoerTek. The transaction will contribute to supply part of raw materials and equipments for production, enhance the automatic production level, further meet the demands of customers and promote the rapid development of the company.