ANGELALIGN increases investment in Shanghai Markofis by 10 million yuan
ANGELALIGN announced that its wholly-owned subsidiary Wuxi ANGELALIGN will invest an additional 10 million yuan in Shanghai Markofis to acquire a 5% equity stake. After the investment is completed, ANGELALIGN will hold approximately 9.7% of the equity in Shanghai Markofis. This move aims to ensure the supply of raw materials, support the growth of the invisible aligner business, and establish a long-term partnership with Shanghai Markofis to achieve business synergy benefits
According to the Zhitong Finance APP, ANGELALIGN (06699) announced that on August 25, 2025, its wholly-owned subsidiary Wuxi ANGELALIGN entered into an investment agreement with Shanghai Markofis and the existing shareholders of Shanghai Markofis, under which Wuxi ANGELALIGN conditionally agreed to subscribe for 5% of the expanded registered capital of Shanghai Markofis for a cash consideration of RMB 10 million. Upon completion of the investment, the group will beneficially own approximately 9.7% equity interest in Shanghai Markofis.
The announcement stated that Shanghai Markofis, an associate of Songbai Investment Group, is one of the leading suppliers of raw materials, accessories, and equipment in the invisible aligner industry. Given the increasing demand for raw materials in the production process of invisible aligners due to the growth of the group's invisible aligner business, the directors believe it is crucial for the group to secure reliable raw material suppliers (i.e., those capable of consistently providing high-quality products) and establish long-term cooperative relationships with them. The group believes that this investment will further strengthen cooperation with Shanghai Markofis, thereby bringing synergistic benefits to the group's business development
