Wolong New Energy Group(SH:600173) Zheng Quan Zhi Xing·2025-05-22 15:18Core Viewpoint - The company plans to sell 90% of its stake in Shanghai Mining to Zhejiang Wolong Shunyu Investment Co., Ltd for a transaction price of 220.5 million yuan, which is based on an asset valuation report as of December 31, 2024 [1][3][4]. Group 1: Meeting Resolutions - The supervisory board approved the major asset sale, confirming compliance with relevant laws and regulations [2][6]. - The transaction requires approval from the company's shareholders' meeting [2][7]. - The board's decision is valid for twelve months from the date of shareholder approval [6][8]. Group 2: Transaction Details - The transaction involves a cash payment for the 90% stake in Shanghai Mining, with the company no longer holding any shares post-transaction [2][3]. - The transaction price is based on an evaluation by Zhonglian Asset Appraisal Group, with the assessed value serving as a reference [3][16]. - The agreement includes provisions for adjustments in the transaction price if the target company issues cash dividends before the completion of the deal [3][5]. Group 3: Compliance and Approvals - The transaction must meet several conditions, including approvals from the board, shareholders, and relevant regulatory bodies [4][11]. - The company has ensured that all necessary legal procedures have been followed, confirming the completeness and legality of the transaction [14][15]. Group 4: Financial Implications - The transaction is expected to result in a dilution of immediate returns, but the company has outlined measures to mitigate this impact [17][18]. - The company aims to enhance its core competitiveness and optimize asset quality through this transaction, which is anticipated to improve overall company value [17][18]. Group 5: Independent Assessment - The selected appraisal agency is deemed independent, and the valuation methods used are considered appropriate and fair [15][16]. - The company has committed to maintaining transparency and protecting shareholder interests throughout the transaction process [17][18].