Wanwei High-tech: Intends to absorb and merge its wholly-owned subsidiary Wanwei Bisheng.

date
19/03/2026
Anhui Weigao High-tech announced that the 19th board of directors' meeting of the ninth session approved a resolution to merge its wholly-owned subsidiary Anhui Weipinsheng as of December 31, 2025. As of that date, Anhui Weigao High-tech had a revenue of 8.012 billion yuan and a net profit of 434 million yuan, while Anhui Weipinsheng had a revenue of 200 million yuan and a net profit of 29 million yuan. The merger is aimed at reducing transaction costs, integrating resources, and after completion, Anhui Weipinsheng will be dissolved, with no impact on the company's share capital or shareholders. This matter still needs to be reviewed by the shareholders' meeting.