Kibing Group subsidiary launches new energy tech company, VP resigns

Zhuzhou Kibing Group Co., Ltd. announced its controlled subsidiary, Hunan Kibing Guangneng Technology Co., Ltd. (Kibing Guangneng), plans to invest in and establish Shenzhen Kibing New Energy Technology Co., Ltd. (Shenzhen New Energy) in Shenzhen's Bao'an District. Shenzhen New Energy will have a registered capital of CNY 60,000万元, with Kibing Guangneng holding a 100% stake.

The investment aims to enhance supply chain efficiency and management, solidify Kibing Guangneng’s competitive edge in the photovoltaic glass sector, and align with the Group's strategy to strengthen its new energy materials segment. This strategic move is expected to improve the Group's overall competitiveness in the new energy materials field.

Separately, Zhuzhou Kibing Group also announced the resignation of Mr. Li Xiangyang from his position as vice president, effective December 18, 2025. Mr. Li resigned for personal reasons and will not hold any other positions within the company after his departure. He did not hold any company shares at the time of his resignation.