On July 4, Gotion High-Tech announced that its wholly-owned subsidiary, Hefei Gotion High-Tech Power Energy Co., Ltd., sold a total of 8,399,500 A-shares of Anhui Tongguan Copper Foil Group Co., Ltd. ("Tongguan Copper Foil") during the first half of 2026. The shares were sold through centralized bidding transactions, with a total transaction value of 829 million yuan (including transaction fees).
However, Gotion did not completely clear its position. As of the announcement's disclosure date, Hefei Gotion still holds 10,531,600 shares of Tongguan Copper Foil, which accounts for 1.27% of the latter's total share capital.
Gotion High-Tech stated that this sale of stock assets is primarily an adjustment of the company's asset structure. The move aims to improve asset liquidity and utilization efficiency in order to meet the capital requirements for the company's ongoing business development.
Public records show that Tongguan Copper Foil was established in October 2010 and is primarily engaged in the research, development, manufacturing, and sales of various high-precision electronic copper foils. It is a state-owned asset platform controlled by the State-owned Assets Supervision and Administration Commission of Anhui Province (Anhui SASAC) through Tongling Nonferrous Metals Group. As a core supplier of lithium battery copper foil, Tongguan Copper Foil is positioned upstream in Gotion High-Tech's industrial chain. In 2020, Hefei Gotion became its strategic second-largest shareholder with an initial 3.5% stake. Prior to this recent transaction, Hefei Gotion had already reduced its holdings on multiple occasions.
Source：EnergyTrend
