The Headquarters Relocated To Quzhou, And Dongfeng Group Completed The Business Registration Update.

On November 5, Guangdong Dongfeng New Materials Group Co., Ltd., controlled by Quzhou State-owned Assets, completed a business registration change, renaming itself Quzhou Dongfeng New Materials Group Co., Ltd., and relocating its registered address to Quzhou City, Zhejiang Province, with its headquarters moved to the Intelligent Manufacturing New City. In September this year, Guangzhi Technology had already relocated to Quzhou. As of now, Quzhou has a total of 22 listed companies, 13 of which are located in the Intelligent Manufacturing New City.

Dongfeng Group was established in 1983 and was listed on the main board of the Shanghai Stock Exchange in 2012 (stock code: 601515). In 2022, Dongfeng Group announced the acquisition of Bosheng New Materials, formally entering the lithium battery separator sector. Currently, Dongfeng Group focuses on new energy materials and pharmaceutical packaging businesses, forming business segments in new energy materials, pharmaceutical packaging materials, and printing packaging materials. The company holds numerous controlling and participating equity stakes domestically and internationally.

In November 2024, Quzhou Fang engaged in multiple rounds of preliminary acquisition negotiations with Dongfeng Group. In January this year, the two parties signed a shares transfer agreement with conditions precedent. Quzhou acquired 29.99% equity of Dongfeng Group for 1.896 billion yuan. Subsequently, Dongfeng Group significantly reduced its losses. In June, Quzhou paid approximately 165 million yuan in corporate income tax, achieving a win-win outcome for both capital operations and the development of the local economy. "The company's current main development direction aligns with Quzhou's new materials industry chain. The enterprise can fully enjoy the advantages brought by Quzhou's industrial clustering as well as various policy supports," said Wang Peiyu, President of Dongfeng Group. With state-owned capital involvement while retaining market-oriented operations, the company is more confident about future development. "Quzhou's excellent business environment also gives us great peace of mind.""To facilitate Dongfeng Group's smooth settlement in Quzhou, we have gained a deep understanding of the company's development direction, helped the enterprise acquire new clients such as Penghui and Kangenbei, and also connected it with multiple prospective partners," said Su Kai, Deputy General Manager of Quzhou Industrial Group and Chairman of Dongfeng Group. "By acquiring shares of a listed company, we can not only enlarge state-owned assets and broaden financing channels, but also leverage the listed company's industrial layout, management model, and investment experience to improve the construction of the investment and financing platform."The head of the Zhizao New Town Financial Services Center stated that by using mergers and acquisitions of listed companies to strengthen state-owned capital and enterprises, the "committee-company" reform can be further deepened. In the future, listed companies will serve as investment entities to attract more outstanding industries to be established in Zhizao New Town, build an industrial ecosystem, promote industrial upgrading, and contribute to the city's strategy of "strengthening the city through industry and boosting the city through industry."