This announcement details the progress of the strategic restructuring between Zhejiang Machinery & Electrical Group (Meidian Group) and Zhejiang Light Industry Group (Light Industry Group). The restructuring has received approval from the Zhejiang Provincial Government, with Light Industry Group's 100% equity to be injected into Meidian Group. This will not affect the company's controlling shareholder or ultimate controller.
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Announcement Number: 2026-054
Progress Announcement on Strategic Restructuring of Controlling Shareholder Zhejiang Machinery & Electrical Group Co., Ltd. and Zhejiang Light Industry Group Co., Ltd.
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 significant omissions.
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