Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com July 17 news, Xinwanda Electronics Co., Ltd. issued a notice showing that the company intends to spin off its subsidiary Xinwanda Power Technology Co., Ltd. (hereinafter referred to as "Xinwanda Power") to the Shenzhen Stock Exchange gem listing. After the completion of this spin-off, the company's ownership structure will not change and will still have control over Xinwanda Power.

CTOnews.com learned from the announcement that the split has been examined and approved by the board of directors and still needs to be submitted to the general meeting of shareholders for consideration. After the shareholders' meeting is examined and approved, the subsidiary will apply to the Securities Regulatory Bureau for guidance and filing, and then submit the application materials to the gem of Shenzhen Stock Exchange for issuance.

The split is still in a relatively early stage, only a preliminary listing plan has been drawn up, with a par value of 1 yuan, and the specific financing scale has not yet been determined.

It is understood that the energy storage business of Xinwanda Electronics Co., Ltd. includes energy storage cell and energy storage system integration business. The energy storage battery business is currently carried out in the subsidiary Xinwanda Power, and the energy storage system integration business belongs to the listed company.

The main customers of the power battery plate are domestic and foreign head car companies and emerging car-building new forces, domestic customers include Geely, Dongfeng, Dongfeng Liuqi, ideal, and overseas customers include Renault, Nissan and so on.

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