This announcement details the transfer of 100% equity of Hubei Huawang Electric Engineering Co., Ltd. from Changgao Electric New Technology Co., Ltd. to Pingxiang Electric Porcelain Manufacturing Co., Ltd. for a price of 1 RMB. The transfer was approved by the board and shareholders in April and May 2026, and the business registration changes have now been completed. Following this, Huawang Electric will no longer be included in the company's consolidated financial statements.
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Changgao Electric New Technology Co., Ltd. (hereinafter referred to as "the Company") held the fourth meeting of the seventh board of directors on April 28, 2026, and the annual general meeting of shareholders on May 18, 2026, where it approved the proposal regarding the transfer of 100% equity of its wholly-owned subsidiary. The Company agreed to transfer its 100% equity in Hubei Huawang Electric Engineering Co., Ltd. (hereinafter referred to as "Huawang Elec
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