According to the Zhitong Finance APP, Nanjing Public Utilities (000421.SZ) announced that the listed company plans to purchase a total of 68% of the shares of Yugu Technology from Liu Aiming and 21 other trading counterparts through the issuance of shares and cash payment. At the same time, it plans to issue shares to raise supporting funds from no more than 35 qualified specific objects. As of the date of signing this plan, the audit and evaluation work related to this transaction has not yet been completed, and the valuation and transaction price of the target assets have not been determined.

The main business of the target company Yugu Technology is battery swapping services and the sale of charging and battery swapping equipment. It is a manufacturer and service provider of electric two-wheeler charging and battery swapping equipment with AI capabilities, mastering core technologies in intelligent energy management, and has become a nationally renowned electric two-wheeler charging and battery swapping enterprise.

Upon completion of this transaction, Nanjing Public Utilities will achieve control over Yugu Technology, which is conducive to fully leveraging synergies, rapidly developing Nanjing Public Utilities' charging and battery swapping business, optimizing the layout of its new energy business, and strengthening Nanjing Public Utilities' new energy industry.

After the company applied to the Shenzhen Stock Exchange, the company's stock will resume trading on January 13, 2025 (Monday) at the opening of the market