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Shida Shenghua: The subsidiary plans to acquire a 49% stake in the controlling subsidiary for 226 million yuan
Shida Shenghua Announcement: ENCHEM CO., LTD. plans to transfer its 49% stake in the company’s controlling subsidiary, Dongying Shida Shenghua New Energy Co., Ltd., to Shenghua New Energy Technology (Dongying) Co., Ltd. The transfer price is based on December 31, 2025, using either the book net asset value or the valuation agency’s assessed net asset value, whichever is lower, as the basis for the equity transfer price, which is set at 226 million RMB. After the transaction is completed, Shenghua New Energy Technology (Dongying) will hold 100% of the new energy company’s equity.