Windey's acquisition continues, Caitong Securities reports compliance

Caitong Securities Co., Ltd., acting as the financial advisor, has issued a positive continuous supervision opinion for Zhejiang Windey following the acquisition by Zhejiang Province's SASAC through Jidian Corporation, which now holds 46.50% of Windey’s shares after an issuance of 85,158,150 shares at CNY8.22 per share. The report, covering the period from March 3, 2025, to March 31, 2025, confirms that the acquisition process adhered to relevant laws and regulations, including proper information disclosure. Caitong Securities noted that Jidian Corporation has fulfilled its commitments, including those related to avoiding competition and regulating related transactions. Windey continues to operate with sound corporate governance, and Jidian Corporation’s board adjustments have been made appropriately, with no changes to the company's main business or significant asset restructuring during the period. Windey has revised its articles of association and its shareholder return plan for the next three years as required, and the company continues to comply with regulatory requirements.