Gelonghui, May 9, Dongwang Times (600052.SH) announced that the company's shareholders' meeting reviewed and passed the “Proposal on the Acquisition of a Few Shares and Related Transactions of the Holding Subsidiary”, agreeing that the company would purchase a total of 13,582,500 shares of Zhejiang Zhenglan Energy Saving Technology Co., Ltd. (hereinafter referred to as “Zhenglan Energy Saving”) from the relevant counterparty in cash (accounting for 43.82% of Zhenglan Energy Saving's total share capital). Recently, the company completed payment of all equity transfer payments to the counterparty in the transaction, and learned that Zhenglan Energy has completed the relevant industrial and commercial change filing procedures. As of the disclosure date of this announcement, the company has completed the settlement of a few share acquisitions.
As of the disclosure date of this announcement, the company held a total of 96.13% of Zhenglan Energy's shares, including 50.54% of Zhenglan Energy Saving, which the company's wholly-owned subsidiary Dongyang Hanning Technology Service Co., Ltd. obtained through an auction, and 43.82% of Zhenglan Energy's shares acquired by the company through cash payment.