Xinghua Co., Ltd. announced that on October 22, 2025, the board of directors of the company deliberated and passed the proposal for Xinghua Chemical to acquire 20% of Xinghua New Energy's shares and related transactions. Recently, Xinghua New Energy completed the registration procedure for the company type and 20% equity transfer to the company under Xinghua Chemical's name, and the transaction completed asset delivery and transfer. Xinghua New Energy obtained a new “Business License” with a registered capital of 700 million yuan.

Xinghua Co., Ltd. announced that on October 22, 2025, the board of directors of the company deliberated and passed the proposal for Xinghua Chemical to acquire 20% of Xinghua New Energy's shares and related transactions. Recently, Xinghua New Energy completed the registration procedure for the company type and 20% equity transfer to the company under Xinghua Chemical's name, and the transaction completed asset delivery and transfer. Xinghua New Energy obtained a new “Business License” with a registered capital of 700 million yuan.