*ST Weil (002058.SZ) to Acquire 51% Stake in Zijiang New Material for 546 Million Yuan, Entering Lithium Battery Materials Sector

Stock Track07-15

*ST Weil (002058.SZ) unveiled plans to purchase a controlling stake in Zijiang New Material through a 546 million yuan cash transaction. The deal involves acquiring 30,298,300 shares, representing 51% equity, from sellers including Zijiang Enterprise, Changjiang Chendao, Ningde New Energy, Huiyou Chuangjia, Jiaocheng SAIC, Civil-Military Integration, and multiple individual shareholders. Upon completion, *ST Weil will become Zijiang New Material's controlling shareholder.

Zijiang New Material specializes in developing and manufacturing aluminum-plastic films for soft-pack lithium batteries used in power storage systems and 3C digital devices. Leveraging extensive technical expertise, the company has forged stable partnerships with industry leaders like ATL, BYD, Sunwoda, Penghui Energy, and Xin Neng An, earning significant market recognition for its product quality.

This strategic acquisition positions *ST Weil within the high-growth lithium battery materials industry. Zijiang New Material will transition into a controlled subsidiary of the listed company, enabling business portfolio optimization and accelerating *ST Weil's transformation toward advanced productive capabilities. The move capitalizes on burgeoning demand for energy storage solutions while diversifying revenue streams beyond current operations.

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