Shengxing Group Co., Ltd. announced that its wholly-owned subsidiary Shengxing Zhejiang Intelligent Technology Co., Ltd. plans to absorb and merge its wholly-owned subsidiary Wenzhou Bode Technology Co., Ltd., in order to improve the operational efficiency and resource allocation efficiency of the Wenzhou base. After the absorption and merger is completed, Zhejiang Intelligent Technology will continue to exist, Bode Technology will be deregistered in accordance with the law, and all of its assets, liabilities, equity, and all rights and obligations will be inherited by Zhejiang Intelligent Technology. Zhejiang Intelligent Technology has a registered capital of 97 million yuan, net assets of 136.4587 million yuan at the end of 2025, and a net profit of 7.9109 million yuan in 2025; Bode Technology has a registered capital of 30 million yuan, net assets of 84.6921 million yuan at the end of 2025, and a net profit of 4.4584 million yuan in 2025. The company stated that the financial statements of both companies have already been included in the scope of consolidated statements, and this absorption and merger will not have a substantive impact on the company's consolidated statements, does not need to be submitted to the shareholders' meeting for review, and does not constitute a related-party transaction or a major asset restructuring.
Sunrise Group Co LtdInternal restructuring of subsidiaries; no substantive impact on consolidated statements.
