Baota Industry(SZ:000595) Zheng Quan Zhi Xing·2025-09-01 12:18Core Viewpoint - The report outlines a significant equity change involving Ningxia Guoyun New Energy Co., Ltd., where Ningxia Guoyun will transfer 206,896,551 shares, representing 18.17% of the company's total equity, to Ningxia Electric Power Investment Group Co., Ltd. through a non-compensatory transfer [1][9][11]. Group 1: Equity Change Details - The equity change is characterized as a non-compensatory transfer of state-owned shares [9][12]. - The transfer will result in Ningxia Electric Power Investment holding 206,896,551 shares, which will constitute 18.17% of the total share capital of the company [10][11]. - Following the transfer, Ningxia Guoyun will hold 127,103,449 shares, representing 11.16% of the total share capital [10]. Group 2: Information Disclosure Obligations - The report confirms that the information disclosure obligations have been met according to relevant laws and regulations, ensuring no additional shares have been acquired or disposed of outside the disclosed information [2][5]. - The necessary authorizations and approvals for the equity change have been obtained, and the process does not conflict with the internal rules of the involved parties [2][3]. Group 3: Future Plans and Compliance - There are no plans for the information disclosure parties to increase or decrease their shareholdings in the next twelve months [7][12]. - The equity change is subject to compliance confirmation from the Shenzhen Stock Exchange and the completion of share transfer procedures by the China Securities Depository and Clearing Corporation [2][12].