Yicheng New Energy acquires stake in Shanxi Meishan Lake Technology

Henan Yicheng New Energy (SZSE:300080) announced it will acquire a 65.5456% stake in Shanxi Meishan Lake Technology Co., Ltd. for CNY 73,573,900. The acquisition was approved at the company’s sixth board meeting on March 28, 2025, and will be funded from Yicheng’s own capital. Concurrently, Yicheng’s management will acquire a 4.4544% stake in Meishan Lake with CNY 5,000,000 of their own capital, also from Hainan Jin Haitang, bringing the total acquired stake to 70%. Shanxi Meishan Lake Technology's valuation was assessed at CNY 11,224,840 as of April 30, 2024.