ZHIGUANG: Plans to acquire a minority stake in ZHIGUANG Energy Storage and raise matching funds, with transaction details still under discussion

36Kr learned that ZHIGUANG announced that the company plans to purchase all or part of the minority equity of its controlling subsidiary Guangzhou ZHIGUANG Energy Storage Technology Co., Ltd. through the issuance of shares and cash payment, while also planning to issue shares to raise matching funds. The announcement also noted that since the disclosure of the transaction plan, the parties involved still need to further communicate and discuss the transaction details. The transaction plan is subject to the willingness of the parties involved and relevant regulatory requirements, which introduces a certain degree of uncertainty. The formal plan for this transaction still needs to be reviewed and approved by the company's board of directors before being submitted to the shareholders' meeting for deliberation, and it can only be officially implemented after approval or registration by relevant regulatory agencies. There is uncertainty regarding whether this transaction can obtain the aforementioned approvals or registrations and the timeline for obtaining such approvals or registrations