[EVE: Plans to Renew and Reduce Its Stake in SMOORE International by 3.5%]

Published: Jun 17, 2025 14:14

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Recently, EVE Energy Co., Ltd. announced that its wholly-owned grand subsidiary, EVE BATTERY INVESTMENT LTD., holds a 30.73% stake in SMOORE International Holdings Limited. To enhance market capitalization management, the company intends to extend the previous share reduction plan, authorizing its chairman to reduce its stake in SMOORE International Holdings Limited by no more than 3.5%, or approximately 216.5785 million shares, within one year through block trading, concentrated bidding transactions, and other means. This share reduction plan does not constitute a related-party transaction or a major asset restructuring, and does not require submission to the shareholders' meeting for approval.

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