Welling New Energy Co., Ltd.
Announcement on Judicial Compulsory Enforcement of Part of the Shares Held by the Controlling Shareholder
Announcement No.: 2026-074
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or material omissions.
Special Notice:
Shanghai Lingyi New Material Co., Ltd. (hereinafter referred to as "Shanghai Lingyi"), the controlling shareholder of Welling New Energy Co., Ltd. (hereinafter referred to as the "Company"), will have 2.85 million shares of the Company (accounting for 9.04% of its holdings in the Company and 1.09% of the Company's total share capital) subjected to judicial compulsory enforcement. This change in shareholding will not lead to a change in the Company's actual control and will not affect the Company's governance structure and operating conditions. The final judicial disposal method and outcome remain uncertain. Investors are advised to invest rationally and be aware of investment risks.