1. Overview of the Transaction
1.1 Summary of the Transaction Plan
The transaction plan involves Weitai purchasing 30,285,330 shares of Zijiang New Materials, representing 51.00% of its total share capital, from various parties for cash. Upon completion, Weitai will consolidate Zijiang New Materials into its financial statements.
1.2 Transaction Parties
The transaction parties include Zijiang Enterprises, Changjiang Chendao, Ningde New Energy, Huijiaochuangjia, Jiaocheng SAIC, Junmin Integration, and several individuals.
1.3 Transaction Target
The target of this transaction is the 51.00% stake in Zijiang New Materials held by the transaction parties.
1.4 Transaction Price
The asset valuation date is March 31, 2025, and the transaction price will be based on the valuation results from a qualified asset appraisal agency. According to the appraisal report, the assessed value of the target assets is as follows:
| Project | Book Value (10,000 RMB) | Appraised Value (10,000 RMB) | Increase/Decrease (10,000 RMB) | Increase/Decrease Rate (%) | Valuation Method |
|---|---|---|---|---|---|
| 51.00% stake in Zijiang New Materials | 27,285.20 | 56,100.00 | 28,814.80 | 105.61% | Income Method |
As of March 31, 2025, the total assessed value of all shareholders' equity in the target company is RMB 110,000.00 million. After distributing cash dividends of RMB 29.69 million, the value of the equity is RMB 107,030.85 million, making the transaction price for the 51.00% stake RMB 54,585.73 million.