GCL Technology to boost stake in Inner Mongolia Xinyuan for RMB2.01bn

GCL Technology Holdings Limited announced a discloseable and connected transaction on December 8, 2025, involving the acquisition of a 42.469% equity interest in Inner Mongolia Xinyuan Silicon Material Technology Co., Ltd. This will be achieved through a newly formed Limited Partnership, Wuhu GCL Zhichuang Enterprise Management Partnership (Limited Partnership). GCL Suzhou and GCL Xuzhou will contribute RMB760 million and RMB1.5 million, respectively, to the RMB2,064 million Limited Partnership, with Cinda contributing RMB1,300 million.

The Limited Partnership will acquire the equity interests from Hongyuan Green Energy and Tibet Ruihua for a total consideration of RMB2,010 million. Specifically, 27.074% will be acquired from Hongyuan Green Energy for RMB1,245 million, and 15.395% from Tibet Ruihua for RMB765 million. These acquisitions will ensure Inner Mongolia Xinyuan remains a non-wholly-owned subsidiary of GCL Technology, with its financial results continuing to be consolidated into the Group’s financial statements.

As of October 31, 2025, Inner Mongolia Xinyuan's unaudited net assets value stood at RMB4,413,976,000. For the financial year ended December 31, 2024, the Target reported a net loss after taxation of RMB477.469 million on revenue of RMB4,791.641 million.