Woer Heat-shrinkable secures full ownership of Changyuan Electronics

Shenzhen Woer Heat-Shrinkable Material (SZSE:002130) announced the completion of its acquisition of the remaining 25% equity interest in Changyuan Electronics (Group) Co., Ltd. The acquisition, approved on June 18, 2025, involved the purchase of shares from Changyuan (Nanjing) Smart Grid Equipment Co., Ltd. for a price of CNY 34,000,000. Following the completion of the transaction, Woer Heat-Shrinkable now holds 100% ownership of Changyuan Electronics. The company has completed the relevant industrial and commercial change registration procedures, and the issued capital is now CNY 12,000,000.