Chongqing Wangbian Electric (Group) Corp., Ltd.

38.12 Million Yuan! Malaysian Order was Obtained by WBEC

2024.05.23

In September 2023, YTEC won the bid for the traction substation main transformer project of Malaysia East Coast Railway Project, with a winning amount of RMB 38.12 million. At present, it has entered the substantive performance stage. YBEC is a subsidiary of WBEC, and the fulfillment of this order is of great significance for the company's overseas market expansion.

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Big News! WBEC Officially Takes over YTEC

2024.03.23

On March 21st, the ceremony for WBEC to take over YTEC was grandly held in Kunming. Yang Zemin, Chairman and General Manager of WBEC, Zhang Jianyang, Member of the Party Working Committee and Deputy Director of the Management Committee of Kunming Economic Development Zone, Wang Yu, Deputy General Manager of Southern Demao, as well as leaders of investment and investment promotion departments in Kunming Economic Development Zone, relevant leaders of WBEC, leaders of YTEC, middle-level managers, and employee representatives attended the takeover ceremony.

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WBEC Intends to Acquire the Controlling Stake of YTEC to Strengthen the Core Business

2023.11.22

According to the China Securities Network of Shanghai Securities News, WBEC announced on the evening of November 22 that the company signed the letter of Intent for acquisition with Shanghai Changwei Equity Investment Partnership (Limited Partnership) and Southern Industrial Asset Management Co., Ltd. on the same day, intending to acquire 54.97% and 25% of the shares of Yunnan Transformer Electric Co., Ltd. (hereinafter referred to as “YTEC” or “Target Company”) held by the two companies respectively through the listing method of the Property Exchange. The final acquisition ratio will be subject to the formally signed share acquisition agreement.

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WBEC Completed the Leadership Re-election and Became More Youthful and Specialized

2023.11.16

According to the China Securities Network of Shanghai Securities News, on November 13, WBEC held the second extraordinary shareholders' meeting in 2023, and elected the fourth board of directors and the non-employee representative supervisors of the fourth board of supervisors. On the same day, a staff representative meeting was held to elect the employee representative supervisors of the fourth board of supervisors. Since then, the company’s fourth board of directors and board of supervisors have been established, with a term of three years each.

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The First Anniversary of the Listing of WBEC and the Signing of Strategic Cooperation Projects

2023.04.28

On the occasion of the first anniversary of the successful listing of the company, WBEC carried out a collective signing activity of strategic cooperation projects on April 28. Chongqing Changshou District Party Committee, the People's Congress, the government, the CPPCC, the relevant departments of the Changshou District, and the main leaders of the contracting units attended the event.

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