Stock Code: 001696 Stock Abbreviation: Zongshen Power Announcement No.: 2026-43
Chongqing Zongshen Power Machinery Co., Ltd.
Announcement on Progress of Major Asset Swap and Connected Transaction
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Reminders:
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The transaction is still in the planning stage. The specific scope of the assets involved in the transaction, the transaction price, and other elements have not been finalized. The parties to the transaction have not signed any agreements. The transaction plan still requires further demonstration, communication, and negotiation, and must undergo necessary decision-making and approval procedures in accordance with relevant laws, regulations, and the Articles of Association before it can be formally implemented.
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There are still uncertainties regarding this transaction. The Company will fulfill its information disclosure obligations in a timely manner based on the progress of relevant matters. Investors are kindly advised to pay attention to investment risks.
I. Overview of the Transaction