Huludao Zinc streamlines operations, dissolving Shenzhen trading subsidiary

Huludao Zinc Industry (SZSE:000751) has announced the planned dissolution of its wholly-owned subsidiary, Shenzhen Zincda Trading Co., Ltd. The decision, approved by the company's board on June 10, 2025, reflects a strategic move to streamline operations and optimize resource allocation. Shenzhen Zincda Trading, established in March 2018 with a registered capital of CNY 30 million, will no longer be consolidated within Huludao Zinc's financial statements after the dissolution. The company has outlined that the closure will not negatively impact the group’s overall business development, sustainable operations, or profitability, with no detriment to the parent company's shareholders. Huludao Zinc Industry maintains an Information Disclosure Management System to ensure transparency and compliance with regulations. All significant company events and potential impacts are carefully assessed and reported according to this system.