on April 14, baoxin technology announced the latest progress on the public listing of some assets of its subsidiary. According to the announcement, Etuoke Banner Economic Development Zone Urban Construction and Development Investment Co., Ltd. has become the intended transferee of the asset listing transfer and will acquire the relevant assets at the base price of 50.23387 million yuan.
Prior to this, Jiangsu Baoxin Board of Directors has considered and approved, agreed to its subsidiary Inner Mongolia Baoxin Green Energy New Energy Technology Co., Ltd. (referred to as” Inner Mongolia Baoxin “) through public listing, the transfer of photovoltaic heterojunction component equipment under construction and supporting mechanical and electrical auxiliary facilities and equipment. Since the public disclosure of information at the Inner Mongolia Property Rights Exchange Center on January 16, 2026, only Etuoke Banner Urban Construction has expressed its intention to transfer and finally determined the transfer.
it is worth noting that the urban construction of etuoke banner does not need cash to pay the transaction amount, but will be used to offset part of the equity repurchase amount that Jiangsu baoxin should pay to etuoke banner chengyuan green energy investment co., ltd. the specific offset details will be further negotiated and determined when both parties sign the equity transfer agreement. At present, the subject matter of the transfer has been assessed and confirmed by a professional institution, but it is in a state of court seizure. The urban construction of Etok Banner needs to apply for the release of the seizure within 10 days after the agreement comes into effect, while Baoxin of Inner Mongolia completes the delivery of the assets simultaneously. In addition, the capacity indicators of the related 2GW slice, 2GW high-efficiency heterojunction battery and component manufacturing projects will also be transferred with the assets, and no separate transfer fee will be charged.
Jiangsu Baoxin said that the asset transfer will help revitalize existing assets and optimize resource allocation, will not adversely affect the company’s normal production and operation, and is in line with the overall interests of all shareholders and the company.
