Zhongwei Shares (300919.SZ) announced, The company's wholly-owned subsidiaries are Zhongwei Hong Kong Zhengbang New Energy Co., LTD. (hereinafter referred to as "Zhongwei Hong Kong Zhengbang"), Zhongwei Hong Hong New Energy Co., LTD. (hereinafter referred to as "Zhongwei Hong Hong"), the company's employee shareholding platform Tongren Zhongwei Hongling No. 1 Enterprise Management Consulting Partnership (limited partnership)(hereinafter referred to as "Zhongwei Hongling No. 1") and Jiangsu Delong Nickel Co., LTD (hereinafter referred to as "Delong Nickel") and Xiangshui Hundsun Stainless Steel Casting Co., LTD. (hereinafter referred to as "Xiangshui Hundsun") jointly signed the Equity Transfer Agreement, whereby the wholly-owned subsidiary of the company and the employee shareholding platform agreed to jointly acquire 67% of the equity of PT Nadesico Nickel Industry(hereinafter referred to as "PT NNI"). Among them, Zhongwei Hong Kong Zhengbang intends to acquire 35% equity of PT NNI. Zhongwei Hong Zhenghong intends to acquire 25% equity of PT NNI. Zhongwei Hongling 1 intends to acquire 7% equity of PT NNI. After the completion of the underlying equity in this transaction, PT NNI will become a controlling subsidiary of the Company and be included in the consolidated statements of the Company.
Among them, this equity acquisition transaction involves the company's employee shareholding platform Zhongwei Hongling No. 1, and some of its partners are directors, supervisors and senior managers of the company. In accordance with the Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 2 - Standardized Operation of GEM Listed Companies, the Rules on GEM Listing of Shenzhen Stock Exchange and the Articles of Association, In line with the principle of substance over form, Zhongwei Hongling No. 1 is a related party of the company, and the acquisition of PT NNI equity constitutes an affiliated transaction.
It is reported that before the transaction, Delong Nickel held 99.7% of the equity of PT NII, and Xiangshui Hang Seng held 0.3% of the equity of PT NII. As of December 31, 2022, PT NNI's total assets were RMB 2.346 billion, operating income was 0, other income was RMB 13.8413 million, and net profit was RMB 13.7874 million. Indonesia is one of the countries with the richest laterite nickel ore resources in the world, and PT NNI, as one of the main bodies of the RKEF Fire ice nickel production line project of Delong Phase 3 Industrial Park project, has 8 RKEF(fire) low ice nickel production lines in Indonesia.
The company said that through this equity acquisition, the company is conducive to the docking of industry and resources, and promotes the most appropriate mining cost efficiency of nickel ore resources through the smelting and processing of nickel products and concentrates resources to improve the added value of smelting products. At the same time, the low-ice nickel produced by PT NNI is the raw material for the manufacture of high-purity nickel sulfate, which is an indispensable core material for the ternary precursor. It will provide reliable resource guarantee for the development of the company's business, open up and further optimize the supply of raw materials for the company, and reduce the production cost of the company's high-nickel ternary precursor. Through this equity acquisition, the company actively lays out the mineral smelting of Indonesian nickel resources, promotes industrial integration and internationalization, and effectively improves industrial synergy. While ensuring the supply security of the company's main raw materials, the company effectively reduces comprehensive production costs, improves product profitability, and enhances the company's competitive advantage through industrial integration.
