Wolong New Energy Group(SH:600173) Zheng Quan Zhi Xing·2025-07-01 16:30Overview of the Major Asset Sale - The company has transferred 90% equity of Shanghai Mining to Zhejiang Wolong Shenyu Investment, constituting a major asset restructuring and related party transaction [1] - The transaction has been approved through various board and shareholder meetings held in May and June 2025 [2] Implementation of the Asset Sale - The asset transfer has been completed, and Shanghai Mining is no longer included in the company's consolidated financial statements [2] - The transaction price of 191.1117 million yuan has been paid by Wolong Shenyu as per the share transfer agreement [2] - Subsequent matters include the need for an audit report on the transitional profit and loss of the asset and compliance with legal disclosure obligations [2] Opinions from Intermediary Institutions - The independent financial advisor, CITIC Securities, confirmed that the transaction has followed necessary decision-making and approval procedures, and the asset transfer has been completed [3] - The legal advisor, King & Wood Mallesons, stated that all necessary approvals have been obtained, and there are no substantial legal obstacles to the implementation of subsequent matters [4]