Enpower Electric to divest Zhuhai Dingyuan subsidiary for CNY 238.9m

Zhuhai Enpower Electric announced it will sell its 100% stake in its subsidiary, Zhuhai Dingyuan New Energy Vehicle Electric Research Institute, to Zhuhai Xinchuang Precision Manufacturing for CNY 238.9 million. The decision aims to optimize Enpower Electric's asset structure, improve asset operation efficiency, and promote high-quality development. Following the completion of the sale, Zhuhai Dingyuan will no longer be part of Enpower Electric's consolidated financial statements.