Dongguan Development (000828.SZ) plans to publicly list and transfer a 50% equity stake in Dongneng Company.

Dongguan Development (000828.SZ) announced that its wholly-owned subsidiary Guangdong Jinxin Capital Investment Co., Ltd. ("Jinxin Capital") holds a 50% equity stake in Dongguan Dongneng New Energy Co., Ltd. ("Dongneng Company"), and Jinxin Capital plans to publicly list and transfer the aforementioned equity stake. The company has previously completed the external transfer of its equity stakes in Dongguan Kangyichuang New Energy Technology Co., Ltd. and Dongguan Nandian Hongyun Energy Co., Ltd. After this transfer of its equity stake in Dongneng Company, the company will no longer operate the new energy vehicle battery charging and swapping business.