ST Tony: Plans to transfer a total of 31.698% equity of Tony New Energy

2026-03-10 18:22:48

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ST Tony announces that to further focus on core business, quickly recover funds, optimize asset structure, and enhance overall core competitiveness and sustainable development capabilities, the company plans to transfer a total of 31.698% of its equity in its controlling subsidiary, Huzhou Tony New Energy Co., Ltd. Among these, 21.698% will be transferred to Huzhou Deli and Huzhou Talent Fund Phase II, with a transaction price of 230 million yuan; 10% will be transferred to a new employee stock ownership platform established by Tony New Energy’s core management team for equity incentives, with a transaction price of 33.3567 million yuan. After this transaction is completed, the company’s equity stake in Tony New Energy will decrease from 65% to 33.302%, and Tony New Energy will no longer be a controlling subsidiary of the company, nor included in the company’s consolidated financial statements.

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