[Uway] Announcement of change in the number of holding companies held by the Company
Key facts
- [Uway] Announcement of change in the number of holding companies held by the Company
- Uway announces a decrease in its number of holding companies to 49. This is due to its subsidiary Shinfox Energy disposing of its stake in Zhongwei Energy, thereby drastically reducing Uway's indirect holdings in Zhongwei Energy, Xinwei Power, Fox Nam Energy, and Shengri Energy Storage.
- Source: PR Times
- Date: April 17, 2026
Direct answer
Uway announces a decrease in its number of holding companies to 49. This is due to its subsidiary Shinfox Energy disposing of its stake in Zhongwei Energy, thereby drastically reducing Uway's indirect holdings in Zhongwei Energy, Xinwei Power, Fox Nam Energy, and Shengri Energy Storage.
- Citation
- [Uway] Announcement of change in the number of holding companies held by the Company (April 17, 2026), PR Times
- Source
- PR Times
- Date
- April 17, 2026
Uway announces a decrease in its number of holding companies to 49. This is due to its subsidiary Shinfox Energy disposing of its stake in Zhongwei Energy, thereby drastically reducing Uway's indirect holdings in Zhongwei Energy, Xinwei Power, Fox Nam Energy, and Shengri Energy Storage.
📋 Article Processing Timeline
- 📰 Published: April 17, 2026 at 09:00
- 🔍 Collected: April 18, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 18, 2026 at 21:21 (13h 21m after Collected)
2. Date of resolution: April 17, 2026
3. Reason for the addition of holding companies, name of the holding company, business category, and shareholding ratio in this resolution: Not applicable
4. Reason for the reduction of holding companies, name of the holding company, business category, and shareholding ratio in this resolution:
Reason: Shinfox Energy Co., Ltd. plans to dispose of the equity of Zhongwei Energy Co., Ltd., resulting in a reduction in the Group's shareholding in Zhongwei Energy Co., Ltd. and its subsidiaries.
(1)
Name of holding company: Zhongwei Energy Co., Ltd.
Business category: Energy technical services
Shareholding ratio: The Group originally held a 52.3% stake in Zhongwei Energy Co., Ltd., and after the disposal, it is 2.3%.
(2)
Name of holding company: Xinwei Power Co., Ltd.
Business category: Power generation
Shareholding ratio: The Group's shareholding in Xinwei Power Co., Ltd. decreased from 100% to 0%.
(3)
Name of holding company: Fox Nam Energy Co., LTD.
Business category: Solar power generation
Shareholding ratio: The Group's shareholding in Fox Nam Energy Co., LTD. decreased from 100% to 0%.
(4)
Name of holding company: Shengri Energy Storage Technology Co., Ltd.
Business category: Energy storage system auxiliary services
Shareholding ratio: The Group's shareholding in Shengri Energy Storage Technology Co., Ltd. decreased from 70% to 30%.
5. Number of holding companies held as of today: 49
6. Other matters that need to be specified: None
FAQ
What was the decision-making body and the date of the resolution regarding this announcement?
The resolution was approved by the Board of Directors on April 17, 2026.
What is the reason for the reduction of holding companies mentioned in the resolution?
Shinfox Energy Co., Ltd. plans to dispose of the equity of Zhongwei Energy Co., Ltd., resulting in a reduction in the Group's shareholding in Zhongwei Energy Co., Ltd. and its subsidiaries.
How did the Group's shareholding in Zhongwei Energy Co., Ltd. change after the equity disposal?
The Group originally held a 52.3% stake in Zhongwei Energy Co., Ltd., and after the disposal, it is 2.3%.
Which holding companies had their shareholding ratios reduced from 100% to 0%?
The Group's shareholding in Xinwei Power Co., Ltd. and Fox Nam Energy Co., LTD. both decreased from 100% to 0%.
How many holding companies does the Company hold as of the date of the announcement?
The number of holding companies held by the Company as of the announcement date is 49.