Mingyang Smart: Progress of the plan to purchase 100% equity of Zhongshan Dehua Chips

2026-02-24 00:02:20

Mingyang Smart Energy announced that the company is planning to purchase 100% equity of Zhongshan Dehua Chip Technology Co., Ltd. through issuing shares and paying cash, and to raise supporting funds. It is expected not to constitute a major asset restructuring. The company’s stock will be suspended from trading starting January 13, 2026, for no more than 10 trading days. On January 22, the company’s board of directors approved the relevant proposals for the transaction, and trading will resume on the market opening on January 23. On the same day, the company received an inquiry letter from the Shanghai Stock Exchange, which was replied to and the plan was revised on February 6. As of the disclosure date of this announcement, the related audit and valuation work for the transaction is progressing in an orderly manner, and the transaction still requires multiple approvals, which involves uncertainties.

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