WWGX: Indirect controlling shareholder is expected to change
WWGX announced that on August 30, 2025, it received a notice from its controlling shareholder, Wanwei Group, indicating that Wanwei Group plans to restructure with other provincial state-owned enterprise groups. This restructuring may lead to changes in the indirect controlling shareholder and changes in the shares held by Wanwei Group, but it will not result in a change of the actual controller. Relevant arrangements still need to go through procedures and obtain approval from the relevant authorities
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