Shandong Fengyuan Chemical's Subsidiary to Acquire Additional 3.32% Stake in Controlling Subsidiary Anhui Fengyuan from Minority Shareholders

Stock News09-29

Shandong Fengyuan Chemical Co.,Ltd. (002805.SZ) announced that its wholly-owned subsidiary Shandong Fengyuan Lithium Energy Technology Co., Ltd. ("Fengyuan Lithium Energy") has signed an "Equity Transfer Agreement for Anhui Fengyuan Lithium Energy Technology Co., Ltd." with Anhui Jintong New Energy Vehicle Phase II Fund Partnership (Limited Partnership) ("Anhui Jintong"). Under the agreement, Anhui Jintong will transfer its 3.32% equity stake in Anhui Fengyuan Lithium Energy Technology Co., Ltd. ("Anhui Fengyuan" or "Target Company") to Fengyuan Lithium Energy for RMB 30 million. Upon completion of this transaction, Fengyuan Lithium Energy's shareholding ratio in Anhui Fengyuan will increase to 74.76%.

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(002805.SZ) announced that its wholly-owned subsidiary Shandong Fengyuan Lithium Energy Technology Co., Ltd. (\"Fengyuan Lithium Energy\") has signed an \"Equity Transfer Agreement for Anhui Fengyuan Lithium Energy Technology Co., Ltd.\" with Anhui Jintong New Energy Vehicle Phase II Fund Partnership (Limited Partnership) (\"Anhui Jintong\"). Under the agreement, Anhui Jintong will transfer its 3.32% equity stake in Anhui Fengyuan Lithium Energy Technology Co., Ltd. (\"Anhui Fengyuan\" or \"Target Company\") to Fengyuan Lithium Energy for RMB 30 million. 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