Haitong Bank acted as exclusive financial adviser to Inovance

Haitong Bank acted as exclusive financial adviser to Inova Automation Co., Ltd. (“Inovance") on the acquisition of 100% of the share capital of SAS Innovation Recherche Automatisme Informa (“IRAI”). Inovance Group, founded in 2003, is a leading global provider of industrial automation solutions to OEMs and end users. As a leader in simulation software for educational and industrial purposes, IRAI is believed to help Inovance broaden and strengthen its overall automation solutions.