Fangda Carbon eyes strategic Shanshan Group restructuring investment

Fangda Carbon New Material announced on November 25, 2025, its intention to bid as an industrial synergy party in the recruitment of investors for the substantive consolidation and restructuring of Shanshan Group Co., Ltd. and its wholly-owned subsidiary, Ningbo Pengze Trading Co., Ltd. This move aligns with Fangda Carbon's strategy to accelerate its anode material industry layout, integrate the industrial chain, ensure supply chain stability, and enhance its core competitiveness.

The restructuring follows court decisions in February and March 2025 by the Ningbo Yinzhou District People's Court to accept and consolidate the bankruptcy reorganization of Shanshan Group and Ningbo Pengze. Shanshan Group, established in 1994 with a registered capital of 29,841.8756 million yuan, and Ningbo Pengze, established in 2016 with a registered capital of 52,000 million yuan, are the targets of this investment.

As of February 25, 2025, Shanshan Group and Ningbo Pengze's primary asset is 525,561,456 shares of Ningbo Shanshan Co., Ltd., representing 23.32% of its total share capital. The proposed investment is subject to a number of uncertainties, including whether Fangda Carbon will be selected as the formal investor.