XINZHU CORPORATION(SZ:002480) Shang Hai Zheng Quan Bao·2025-08-22 22:46Core Viewpoint - The company has undergone significant changes in its shareholder structure and is planning major asset transactions to enhance its operational capabilities and financial position [5][6]. Group 1: Company Overview - The company is known as Chengdu Xinzhu Road & Bridge Machinery Co., Ltd. and is listed under the stock code 002480 [1]. - The company has not changed its actual controller during the reporting period [5]. Group 2: Financial and Operational Highlights - The company plans to sell 100% equity of Chuanfa Maglev and related assets to Sichuan Shudao Rail Transit Group and 100% equity of Xinzhu Construction Technology to Sichuan Road and Bridge Construction Group [6]. - The company intends to issue shares and pay cash to acquire 60% equity of Sichuan Shudao Clean Energy Group [6]. Group 3: Shareholder Changes - On May 16, 2025, 66,113,770 shares (8.60% of total shares) were transferred to Shudao Group, making it the controlling shareholder with a total holding of 24.50% [5]. Group 4: Board and Management Changes - The company appointed Chen Siyao as the new Vice President and Secretary of the Board, effective from August 21, 2025 [32][33]. - The previous Vice President and Secretary of the Board, Zhang Yang, resigned due to work changes [32]. Group 5: Credit Facilities - The company plans to apply for a credit facility of up to 300 million yuan from Huaxia Bank and a credit facility of up to 40 million yuan from China Merchants Bank [25][27]. - The credit facilities are intended to supplement working capital and support daily operations [25][27]. Group 6: Upcoming Shareholder Meeting - The company will hold its sixth extraordinary general meeting on September 8, 2025, to discuss various proposals, including the asset transactions and credit applications [40][46].