Zhuhai Enpower Electric completes sale of wholly-owned subsidiary for 238.9m yuan

Zhuhai Enpower Electric Co., Ltd. announced the completion of industrial and commercial registration changes for the sale of its wholly-owned subsidiary, Zhuhai Dingyuan New Energy Automotive Electrical Research Institute Co., Ltd. The transaction, valued at 238,900,000.00 yuan, involved the transfer of 100% of Zhuhai Dingyuan's equity to Zhuhai Xinchuang Precision Manufacturing Co., Ltd.

The decision to sell the subsidiary was approved at company board and supervisory meetings on July 2, 2025, and subsequently at the 2025 First Extraordinary General Meeting of Shareholders on July 18, 2025. This strategic move aims to optimize the company's asset structure, enhance asset operational efficiency, and promote high-quality development.

With the completion of the industrial and commercial registration, Zhuhai Enpower Electric no longer holds any equity in Zhuhai Dingyuan. Further details regarding this transaction were disclosed on the Juchao Information Network.