China Zhongwang Holdings Limited, the world's leading research and development manufacturer of aluminium processing products, announced its first international merger and acquisition through an indirect wholly-owned subsidiary of China Zhongwang Holdings Limited ("China Zhongwang" or "Company", together with its subsidiary company "Group"; Stock code: 01333). Equity. Una Aluminum has a long history. Its products are mainly high-end aluminium extruded seamless tubes used by the world's top aircraft manufacturers. This acquisition will help China Zhongwang enter the international aviation field.

Mr. Qing, President and Executive Director of Zhongwang, China, said: "We warmly welcome Una Aluminum to join the family of Zhongwang, China. This acquisition is a milestone for us to expand our international territory and an important step for our company to develop complementary business. China Zhongwang and Una Aluminum have a common belief that through continuous innovation and unremitting efforts to provide customers with excellent solutions, while focusing on green environmental protection and sustainable development, we are confident that this acquisition will bring sparks to each other and stimulate synergies. This merger and acquisition can also greatly enhance the group's seamless tube extrusion capabilities, further improve product structure, and also use the product qualification certification and customer development experience of Una Aluminum to speed up the group's business expansion in aviation, automotive and other fields, and comprehensively enhance its comprehensive strength. Meanwhile, Zhongwang of China will provide more resources and greater financial and operational support for Una Aluminum, hoping to support Una Aluminum in pursuit of long-term outstanding development.

The main products of Una Aluminum Industry are seamless tubes, shunt extrusion tubes and other high value-added aluminium alloy extrusion products, which can be widely used in terminal industries such as aviation, automobile, mechanical engineering and electric power. Over the past 100 years, Una Aluminum has accumulated the top R&D strength and developed an integrated production line covering the remelting of aluminium alloy rods, alloy formulation, casting, extrusion and drawing process, heat treatment and cutting of semi-finished products. Una Aluminum's main customers include Airbus, Boeing, Bombardier, Mercedes-Benz, BMW and other world-renowned manufacturers, which have a leading position in Europe and even the world.

Thomas Wiese, CEO of Una Aluminum, said: "Zhongwang is a trusted strategic shareholder and we are excited about the acquisition. As the world's second largest R&D manufacturer of industrial aluminium extrusion products, Zhongwang China will provide sustained support to us, bring greater flexibility to finance and operation, promote long-term development, enhance our international reputation and recognition, and consolidate our position as a leading global supplier. In the long run, M&A will also provide more career development space for existing employees, while fostering new job opportunities. We look forward to working with Zhongwang to complete the transition smoothly and seamlessly. Una Aluminum will work with Zhongwang to create value for customers, partners, employees and shareholders all over the world.

Zhongwang has been strategically expanding its global business and has set up offices in Germany and Japan to support overseas sales. China Zhongwang will further expand the European market by acquiring Una Aluminum, which has a leading position in the European and German markets.