Haixing Electric Power: Plans to acquire 80.9524% equity of Ningbo Zelian Technology Co., Ltd. for 605 million yuan

Haixing Electric Power announces its plan to acquire, in cash, a total of 80.9524% equity of Ningbo Zeliang Technology Co., Ltd. held by Zhou Liangzhang, Ningbo Jirui Enterprise Management Partnership (Limited Partnership), Lishui Jude Enterprise Management Partnership (Limited Partnership), Li Xiaoqing, and Zhou Junhe, with a transaction amount of 605 million RMB.
After the completion of this transaction, Ningbo Zeliang will become a wholly owned subsidiary of the company and will be included in the consolidated financial statements.
This transaction constitutes a related-party transaction and is subject to approval by the company’s shareholders’ meeting.

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