NARADA BATTERY(300068.SZ): Terminates Transfer of Wholly-owned Subsidiary Huapo Renewable Resources

NightAirdropper · 2026-03-24T12:45:07+00:00

Nandu Power has decided to terminate the equity transfer of its wholly-owned subsidiary Huapo Renewable Resources. The reason cited is recent changes in market conditions and funding preparation circumstances. The original transfer agreement was valued at RMB 1.415 billion, and the relevant motion was approved at the board of directors meeting.

NightAirdropper

2026-03-24 12:45:07

Abstract generation in progress

Gelonghui March 24 — Nandu Power (300068.SZ) announced that on March 10, 2026, the Ninth Board of Directors held its eighth meeting, during which it approved the proposal regarding the transfer of the entire equity of its wholly owned subsidiary and related transaction. The company agreed to transfer 100% of the equity of Anhui Huabo Recycling Resources Technology Co., Ltd. (“Huabo Recycling Resources” or “the Target Company”), which is engaged in lead recycling, to Anhui Houji Lianeng Operation Management Partnership (Limited Partnership) (“Houji Lianeng” or “the Buyer”). According to the valuation report and after negotiations, the Buyer will acquire 100% of Huabo Recycling Resources for 1.415 billion yuan.

Due to recent changes in the market environment and funding arrangements, and considering the actual business development, the company held the Ninth Board of Directors’ Ninth Meeting on March 24, 2026, and approved the proposal to terminate the transfer of the entire equity of the wholly owned subsidiary and related transaction. The company agreed to terminate this equity transfer matter.

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