Changjiu Logistics announced that the company has decided to deregister its wholly-owned subsidiary Guangdong Changjiu New Energy Technology Co., Ltd., and has recently completed the relevant deregistration registration procedures. The announcement shows that the deregistration was made based on the subsidiary's actual operating conditions and business development plans, in order to optimize resource allocation and reduce management costs. Changjiu New Energy Technology was established in December 2023 with a registered capital of 10 million yuan, mainly engaged in the recycling and cascade utilization of waste power batteries from new energy vehicles, battery manufacturing and sales, and energy storage technology services. The company stated that after the deregistration is completed, Changjiu New Energy Technology will no longer be included in the company's consolidated financial statements, will not have a significant impact on the company's overall business development and sustained profitability, and there is no situation that harms the interests of the company and shareholders.
Beijing Changjiu Logistics LtdDeregisters a small wholly-owned subsidiary to optimize resource allocation and cut management costs, with no significant impact on overall business or profitability.
