长城电工：全资子公司拟注销参股子公司上海明电舍

Core Viewpoint - The company announced the liquidation of its subsidiary Mingdian Company due to unmet joint venture objectives and operational losses, with the decision approved by the board on December 30, 2025 [1] Group 1: Company Actions - The subsidiary Mingdian Company was established in 2004 with a registered capital of 4.5 million USD, in which the company holds a 40% stake [1] - The liquidation is a result of operational losses and the cessation of operations in 2023, as agreed upon by shareholders [1] - The initial investment of 14.8985 million CNY in Mingdian Company has been fully recognized as a loss, but this will not affect the current period's operations [1] Group 2: Financial Impact - Mingdian Company was not included in the consolidated financial statements, and its liquidation will not result in any changes to the financial reports [1] - The liquidation process does not involve related party transactions or significant restructuring, and there is no need for shareholder meeting approval [1]