Wanhua Battery to Acquire Majority Stake in Anhada, Becoming Largest Shareholder

Wanhua Battery to become the largest shareholder of Anhada

Wanhua Chemical announced that it will no longer achieve the transaction through the acquisition of a portion of the shares of Canghua Group. Instead, they will directly acquire a portion of the equity held by Anhada and Six Country Chemicals by Wanhua Battery, and the total transaction amount is 414.845 million yuan. After the completion of the transaction, Wanhua Battery will become the largest shareholder of Anhada and become the controlling shareholder through a concerted action agreement, and will also hold 5% of the shares of Six Country Chemicals. Both companies are listed on the A-share market.