Huawen Media Investment CorpST Huawen's subsidiary is acquiring 23 EV charging station asset groups for 10.7193 million yuan, expanding its new energy charging business as traditional media faces growth pressure.

ST Huawen announced on the evening of September 17 that its controlling subsidiary, Hainan Ankechong Charging Technology Co., Ltd., plans to acquire, for 10.7193 million yuan in cash, a group of 23 new energy vehicle charging station assets held by Hainan Xiaoji Technology Co., Ltd. The assets are located in Haikou and Sanya, and include tangible assets such as charging equipment and power distribution facilities, as well as intangible asset rights including site lease usage rights and station operation rights. According to an appraisal report issued by Beijing Yachao Asset Appraisal Co., Ltd., using the income approach with a valuation base date of March 31, 2026, the total investment in the target assets was 15.3583 million yuan, and the appraised value was 10.7193 million yuan, with the transaction price consistent with the appraised value. This transaction amount accounts for 0.48% of the company's audited total assets of 2.253 billion yuan for 2025, and 18.30% of the net assets attributable to shareholders of the listed company of 58.5747 million yuan. It does not constitute a major asset restructuring or a related-party transaction, and has been approved by the company's management, without the need for review by the board of directors or shareholders' meeting. The company stated that, affected by changes in the external industry environment, its traditional media business is under growth pressure, and its cultural tourism segment faces challenges such as adjustments in consumption structure. After this acquisition, it will rapidly expand the operating scale of its new energy charging business and promote the new energy operation segment to become a source of business revenue. Just over two months ago, the company completed the execution of its restructuring plan and, on July 31, removed its delisting risk warning, with its stock abbreviation changed from *ST Huawen to ST Huawen.
Huawen Media Investment CorpST Huawen's subsidiary is acquiring 23 EV charging station asset groups for 10.7193 million yuan, expanding its new energy charging business as traditional media faces growth pressure.
Hainan Ankechong Charging Technology, the controlling subsidiary, is the acquirer of the 23 charging station assets.
Hainan Xiaoji Technology is selling its 23 new energy vehicle charging station assets for 10.7193 million yuan.
Beijing Yachao Asset Appraisal issued the appraisal report valuing the target assets at 10.7193 million yuan; only a service-provider mention.