ZHIGUANG plans to acquire all or part of the minority equity of its subsidiary ZHIGUANG Energy Storage, resuming trading on October 17
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ZHIGUANG plans to acquire all or part of the minority equity of Guangzhou ZHIGUANG Energy Storage Technology Co., Ltd. through the issuance of shares and cash payment, and to raise supporting funds from no more than 35 specific investors. The proposed issuance price is between RMB 5.41 per share and RMB 6.40 per share, and the issuance price of the raised funds will not be less than 80% of the average price of the 20 trading days prior to the pricing benchmark date. This subsidiary focuses on the research and development, production, and sales of electrochemical energy storage systems. The company's stock will resume trading on October 17, 2025
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