Zheng Quan Zhi Xing·2025-05-22 15:17Group 1 - The company, Wolong New Energy Group Co., Ltd., plans to sell 90% equity of Wolong Mining (Shanghai) Co., Ltd. to Zhejiang Wolong Shunyu Investment Co., Ltd. as part of a major asset restructuring [1] - The independent financial advisor, CITIC Construction Investment Securities Co., Ltd., conducted a review of the stock price fluctuations of the company prior to the announcement of the transaction [1] - The stock price on the last trading day before the announcement (April 11, 2025) was 6.71 CNY per share, compared to 5.86 CNY per share on March 13, 2025, indicating a cumulative increase of 14.51% over the 20 trading days prior to the announcement [2] Group 2 - The Shanghai Composite Index decreased by 3.59% during the same period, while the China Securities Regulatory Commission's real estate index fell by 2.56% [2] - After excluding the impact of the overall market, the company's stock price increased by 18.09% over the 20 trading days prior to the announcement [2] - The stock price increase of 17.06% was observed after excluding the influence of the industry sector, indicating that there were no abnormal fluctuations in the stock price [2]