Fengyuan Co., Ltd. (002805.SZ) subsidiary plans to acquire 3.32% equity of Anhui Fengyuan's minority shareholders held by its holding subsidiary.

News from the CITIC Securities APP, Fengyuan Shares (002805.SZ) announced that its wholly-owned subsidiary Shandong Fengyuan Lithium Energy Technology Co., Ltd. (hereinafter referred to as "Fengyuan Lithium Energy") signed a "Anhui Fengyuan Lithium Energy Technology Co., Ltd. Equity Transfer Agreement" with Anhui Jintong New Energy Automobile Phase II Fund Partnership Enterprise (Limited Partnership) (hereinafter referred to as "Anhui Jintong"). Anhui Jintong will transfer 3.32% of its equity in Anhui Fengyuan Lithium Energy Technology Co., Ltd. (hereinafter referred to as "Anhui Fengyuan" or "the target company") to Fengyuan Lithium Energy for 30 million RMB. After this transaction is completed, Fengyuan Lithium Energy's ownership percentage in Anhui Fengyuan will change to 74.76%.