Narada Power shares halted amid potential control change

Zhejiang Narada Power Source Co., Ltd. announced a trading suspension effective December 12, 2025, for a maximum of two trading days. The halt comes as its controlling shareholders are planning a change in the company's control, which could lead to a shift in the controlling shareholder and actual controller.

In addition to the potential control change, the shareholders are also exploring the sale of equity in the company's recycled lead segment. Discussions on the specific transaction plan and related agreements are ongoing, with no formal agreements signed yet. The company emphasized that this matter is still in the planning stage and carries significant uncertainty.

The trading suspension was initiated to ensure fair information disclosure and prevent abnormal fluctuations in the company's stock price, safeguarding investor interests. Further updates will be provided as the situation develops.