Wanda Energy acquisition clears semi-annual supervision, progressing smoothly

Caitong Securities has issued its 2025 semi-annual continuous supervision opinion for the acquisition of Wanda Energy Technology Group by Zhejiang Provincial Mechatronics Group. The supervision period, from March 3, 2025, to June 30, 2025, confirmed that the acquisition proceeded in compliance with relevant laws and regulations, including information disclosure and share registration.

On March 3, 2025, Wanda Energy issued 85,158,150 shares to Mechatronics Group at a price of CNY 8.22 per share. This transaction increased Mechatronics Group's ownership to 365,958,150 shares, representing 46.50% of Wanda Energy's total share capital. The acquisition was exempt from a tender offer, and Mechatronics Group committed to a 36-month lock-up period for the newly issued shares.

The financial advisor's review found that Mechatronics Group has fulfilled its commitments regarding independence, reducing related-party transactions, and maintaining Wanda Energy's normal operations. No significant changes were made to Wanda Energy's main business, asset structure, or management. The company also updated its Articles of Association, reflecting the increased share capital and adopting a three-year dividend return plan for 2025-2027.