Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-24 22:16Core Viewpoint - Jiangsu Dingsheng New Energy Materials Co., Ltd. plans to sell a 0.5714% stake in Cayman Aluminum (Sanmenxia) Co., Ltd. to Jiaozuo Wanfang Aluminum Industry Co., Ltd. through a share issuance, with the transaction price set at 5.39 yuan per share [2][4]. Transaction Overview - The company holds a 0.5714% stake in Sanmenxia Aluminum, which is valued at approximately 183.59 million yuan based on a total valuation of 3.213 billion yuan for 100% of the company [4]. - The transaction involves the issuance of 34,061,376 shares by Jiaozuo Wanfang at a price of 5.39 yuan per share, with no cash payment involved [2][4]. Board Approval - The transaction was approved by the company's board during the 21st meeting of the 6th board on August 22, 2025, and does not require shareholder approval [5][6]. Regulatory Requirements - The transaction is not classified as a related party transaction or a major asset restructuring, and it requires approval from Jiaozuo Wanfang's shareholders, the stock exchange, and registration with the China Securities Regulatory Commission [3][7]. Financial Impact - The transaction is expected to have no adverse effects on the company's financial status, main business operations, or cash flow, and aligns with the company's long-term strategic development [15][19].