Jiangxi Special Electric Motor announces changes in shareholder structure, partial share release

Jiangxi Special Electric Motor Co., Ltd. reported that its de facto controller, Wang Xin, through Beijing Wubaiyingli Technology Co., Ltd., is acquiring a 36.92% stake in Jiangte Electric, the company's controlling shareholder. This transaction involves 20 Jiangte Electric shareholders. As of the announcement date, the industrial and commercial change for 19 natural person shareholders of Jiangte Electric has been completed, with procedures for the remaining institutional shareholder, Jiangxi Tianhao Investment Co., Ltd., still in progress.

In a related development, Jiangxi Jiangte Electric Group Co., Ltd., the controlling shareholder, partially released shares from pledge. A total of 5.5 million shares, representing 2.28% of Jiangte Electric's holdings and 0.32% of the company's total share capital, were released from pledge on September 23, 2025. Post-release, Jiangte Electric's cumulative pledged shares stand at 103 million shares, accounting for 42.76% of its holdings and 6.04% of the company's total share capital.

The company stated that Jiangte Electric possesses strong fulfillment capabilities, with no risk of liquidation for the remaining pledged shares, ensuring no adverse impact on business operations or corporate governance.