[Lithium Battery: Shanshan Shares Control To Transfer To Anhui State-Owned Assets]

Published: Apr 23, 2026 17:39

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On April 22, Ningbo Shanshan Co., Ltd. issued an announcement stating that the court has approved the reorganization plan for Shanshan Group and its wholly-owned subsidiary Ningbo Pengze Trading Co., Ltd., and has terminated the debtor's reorganization proceedings. According to the reorganization plan, Anhui Wanwei Group Co., Ltd. will, through a combination of direct stock acquisitions and voting arrangements with retained shares, control a total of 21.88% of the voting rights of Shanshan shares held by Shanshan Group and Pengze Trading. The controlling shareholder of Shanshan Shares will change to Wanwei Group, and the actual controller will change to the State-owned Assets Supervision and Administration Commission of the People's Government of Anhui Province.

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