On November 19, Gelonghui reported that xiamen xiangyu (600057.SH) announced that its controlling shareholder, xiamen xiangyu group co., ltd. (referred to as "xiangyu group"), is a preferred investor in the restructuring of liaoning zhongwang group co., ltd. (referred to as "zhongwang group") series of enterprises and plans to invest in the restructured assets, including aluminum main business assets, jointly with other investors. Specifically, the company's wholly-owned subsidiary, xiamen xiangyu smart logistics port co., ltd. (referred to as "smart logistics port"), plans to establish a joint venture with the wholly-owned subsidiary of xiangyu group to serve as the investment entity for xiangyu, with the registered capital of the joint venture proposed to be 4.3 billion yuan, of which smart logistics port will invest 0.69 billion yuan, holding 16.0465% equity; the joint venture, along with other investors introduced by xiangyu group, will jointly invest to acquire the shares of the new company set up by the aluminum main business assets of zhongwang group (referred to as "new zhongwang group", the specific name is subject to registration with the business administration department) and become the controlling shareholder of the new zhongwang group.

Zhongwang group is an industry-leading aluminum product manufacturer, currently operating four major business sectors, among which: the electrolytic aluminum sector has built and put into production compliant electrolytic aluminum capacity of 0.75 million tons and carbon capacity of 0.5 million tons; the aluminum extrusion sector has built and put into production capacity exceeding 1 million tons; the aluminum rolling sector has built and put into production capacity of 1.8 million tons; the deep processing sector mainly involves new energy fund vehicles, rail transportation, all-aluminum furniture, and other fields. On September 2, 2022, the Shenyang Intermediate People's Court ruled to accept the restructuring applications filed by creditors against zhongwang group and 16 other enterprises; on September 20, 2022, at the request of zhongwang group's administrator, Shenyang Intermediate Court ruled to carry out substantial merger restructuring for zhongwang group and 253 other enterprises.