Baota Industry(SZ:000595) Zheng Quan Zhi Xing·2025-09-01 12:18Core Viewpoint - The direct controlling shareholder of Ningxia Guoyun New Energy Co., Ltd. is changing from Ningxia State Capital Operation Group Co., Ltd. to Ningxia Electric Power Investment Group Co., Ltd., while the actual controller remains the Ningxia Hui Autonomous Region People's Government [1][2]. Summary of Key Points 1. Basic Situation of the Equity Transfer - On August 13, 2025, the company received a notice from its controlling shareholder, Ningxia Guoyun, regarding the free transfer of shares to Ningxia Electric Power Investment Group [1]. - The transfer involves 18.17% of the company's total share capital, amounting to 206,896,551 shares [2]. 2. Parties Involved in the Transfer - Ningxia Guoyun: - Type: State-owned sole proprietorship - Registered Capital: 3,000,000,000 RMB - Main Business: Investment and related services, government project financing, and asset management [3]. - Ningxia Electric Power Investment Group: - Type: State-owned sole proprietorship - Registered Capital: 2,237,022,071 RMB - Main Business: Investment and operation in the power industry and asset management [3]. 3. Main Content of the Transfer Agreement - The transfer is executed as a free transfer of state-owned assets, with the transfer date set for the completion of necessary internal approval procedures [4][5]. 4. Changes in Shareholding Structure - Before the transfer, Ningxia Guoyun held 334,000,000 shares (29.33%), while after the transfer, it will hold 127,103,449 shares (11.16%), and Ningxia Electric Power Investment Group will hold 206,896,551 shares (18.17%) [5]. 5. Impact of the Equity Transfer - The actual controller of the company remains unchanged, and there is no significant impact on the company or minority shareholders [6].