WS-SK TARGET (08427) intends to acquire Wanshun New Energy through capital injection or equity transfer.

WS-SK TARGET (08427) issued an announcement on January 10, 2025 (after trading hours), stating that the company has entered into a memorandum of understanding with Wanshun New Energy Vehicle Technology (Wuhan) Co., Ltd. (Wanshun New Energy), whereby the buyer intends to acquire Wanshun New Energy through capital injection or equity transfer. According to the announcement, the transaction planned under the memorandum of understanding, if implemented, will expand the group's business scope and diversify its sources of income, which is beneficial for the long-term development of the group and therefore in line with the overall interests of the company and its shareholders.