Wuxi Municipal boosts stake in Nanfang Pump to solidify control

Wuxi Municipal Public Utility Industry Group Co., Ltd. (Wuxi Municipal), controlling shareholder of Nanfang Pump Industry Co., Ltd., completed the acquisition of 96,237,102 shares, or 5.01% of the company's total share capital, from Shen Jinhao. This transfer, completed on December 17, 2025, followed a lawsuit filed by Wuxi Municipal after an initial agreement, and a subsequent settlement mediated by the Wuxi Intermediate People's Court.

Post-acquisition, Wuxi Municipal directly holds 510,876,493 shares, or 26.60% of the company's total shares. It maintains its controlling shareholder status with a total of 31.60% control, including shares held by parties acting in concert.

In related news, Nanfang Pump Industry Co., Ltd. held its third interim shareholders' meeting on December 17, 2025. Key resolutions approved include the 2026 annual related party transaction quota, a comprehensive credit line application with banks, and revisions to the company’s articles of association and several governance policies.

Additionally, the sixth board of directors' tenth meeting confirmed the election of Mr. Hang Jun as a director and Mr. Yao Jiantang as a worker representative director for the Sixth Board, and reaffirmed the members of the Audit and Strategy & ESG Committees.