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Xinzhu Co., Ltd.: Restructuring application accepted by the Shenzhen Stock Exchange, plans to acquire 60% equity of Sichuan Shudao Clean Energy Group

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Xinzhu Co., Ltd. announced that the company plans to sell 100% of the equity interests in Sichuan Development Maglev Technology and the related claims and assets to Sichuan Shudao Rail Transit Group, and sell 100% of the equity interests in Chengdu Xinzhu Transportation Technology and the related assets and liabilities to Sichuan Road and Bridge Construction Group; at the same time, it plans to issue shares and pay cash to Sichuan Shudao Investment Group to acquire 60% of the equity interests in Sichuan Shudao Clean Energy Group and raise supporting funds. On June 17, 2026, the company received a notice from the Shenzhen Stock Exchange stating that the application documents for this transaction have been reviewed and found to be complete, and have been formally accepted. This transaction still requires approval from the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission before it can be implemented, and the final outcome remains uncertain.
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