Baota Industry(SZ:000595) Zheng Quan Zhi Xing·2025-09-01 12:18Core Viewpoint - The legal opinion from Beijing Deheng Law Firm addresses the unconditional transfer of state-owned shares held by Ningxia State Capital Operation Group Co., Ltd. in Ningxia Guoyun New Energy Co., Ltd. to Ningxia Electric Power Investment Group Co., Ltd. This transfer involves 206,896,551 shares, representing 18.17% of the total share capital of Guoyun New Energy [1][11]. Group 1: Parties Involved - The transferring party (Ningxia Guoyun) is a wholly state-owned enterprise established by the Ningxia Hui Autonomous Region People's Government, with a registered capital of 3 billion yuan [4][6]. - The receiving party (Ningxia Electric Power Investment Group) is also a wholly state-owned enterprise, with a registered capital of approximately 2.24 billion yuan [9][10]. Group 2: Share Transfer Details - The share transfer involves 206,896,551 shares of Guoyun New Energy, which is listed on the Shenzhen Stock Exchange under the stock code 000595 [9][10]. - After the transfer, Ningxia Electric Power Investment Group will become the direct controlling shareholder of Guoyun New Energy, while Ningxia Guoyun will remain the indirect controlling shareholder [12][13]. Group 3: Legal Compliance and Approval - The transfer has been approved by both parties' internal decision-making processes and has received necessary approvals from the relevant state-owned asset supervision authorities [11][12]. - The legal opinion confirms that the transfer complies with existing laws and regulations, ensuring that the shares remain state-owned and that the actual control of the company does not change [12][13].