Noblelift subsidiary to undergo shareholding reform, name change

Noblelift Intelligent Equipment (SSE:603611) announced that its holding subsidiary, Wuxi Zhongding Integrated Technology, will undergo a shareholding reform and change its name to Zhongding Intelligent (Wuxi) Technology Co., Ltd. The move aims to optimize the organizational structure and improve governance standards in preparation for a potential initial public offering (IPO) in Hong Kong. The reform will not alter Noblelift's controlling stake in Zhongding Integrated. The restructuring will convert the subsidiary into a joint-stock company, with existing shareholders maintaining their proportional ownership. The base date for audit and evaluation is set for November 30, 2024. As of that date, based on net asset value, the total share capital of the new company will be RMB 120 million.