SPIC Dongfang New Energy receives approval for asset restructuring

SPIC Dongfang New Energy Corp (SZSE:000958) announced that the Shenzhen Stock Exchange (SZSE) has accepted its application for a major asset restructuring plan. The plan involves asset replacement, the issuance of shares to purchase assets, and the raising of supporting funds related to connected transactions. The SZSE’s acceptance, documented under 深证上审〔2025〕82号, confirms that the submitted documents meet the exchange’s requirements. The proposed restructuring remains subject to further review and approval by the SZSE and registration with the China Securities Regulatory Commission (CSRC). The company will disclose updates on the progress of the matter.