WOLONG ELECTRIC(SH:600580) Zheng Quan Zhi Xing·2025-05-22 15:18Core Viewpoint - Wolong New Energy Group Co., Ltd. plans to sell 90% equity of Shanghai Mining Co., Ltd. to Zhejiang Wolong Shunyu Investment Co., Ltd. as part of a significant asset restructuring transaction [1] Group 1: Transaction Details - The transaction involves the sale of the equity stake in Shanghai Mining Co., Ltd. which is classified as a major asset restructuring under the regulations [1] - The company has previously engaged in significant asset purchases, including acquiring 43.21% equity in Zhejiang Longneng Power Technology Co., Ltd. for RMB 726.03 million and other stakes in related companies [1] - The aforementioned acquisitions were approved in meetings held on February 10, 2025, and completed by March 2025 [1] Group 2: Independent Transactions - No other major asset purchases or sales occurred in the twelve months prior to the current transaction [2] - The previous transactions are independent of the current restructuring and do not involve the same or related assets [2]