Wuxi Baotong Technology Co., Ltd. announces the completion of the transfer of 98% equity in its wholly-owned subsidiary, Wuxi Baotong Technology R&D Co., Ltd., to Wuxi Xintie Machinery Co., Ltd. for RMB 98 million. The transaction does not constitute a related party transaction or a major asset restructuring. The subsidiary will no longer be included in the company's consolidated statements.
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Securities Code: 300031
Securities Abbreviation: Baotong Technology
Announcement No.: 2026-027
Wuxi Baotong Technology Co., Ltd.
Announcement on the Transfer and Completion of Delivery of Equity in a Wholly-Owned Subsidiary
The Company and its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
I. Transaction Background and Overview
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