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Changyuan Donggu has announced its intention to fully acquire Xiangyang Kanghao Electromechanical Engineering Co., Ltd., a subsidiary currently owned by Hubei Xinyuan Power Technology Group. The acquisition will be executed through a combination of share issuance and cash payment, with plans to also raise supplementary funds. This transaction qualifies as a related-party deal and is anticipated to be a significant asset restructuring event. However, it does not entail a restructuring listing, nor will it lead to any alterations in the company's controlling shareholder or actual controller. Trading of Changyuan Donggu's stock will be temporarily suspended starting from the market opening on March 24, 2026, with the suspension period expected to last no more than 10 trading days.
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