Core Viewpoint - The independent financial advisor, China International Capital Corporation (CICC), has conducted a compliance review regarding the hiring of third-party institutions for the asset acquisition project by Wuhan Three Towns Industrial Holdings Co., Ltd., confirming that all actions are in accordance with the relevant regulations on integrity and risk prevention in investment banking [2][5][6]. Summary by Sections Third-Party Hiring Compliance - CICC plans to hire Beijing Tongshang Law Firm as the legal advisor and has already engaged Zhongshun Yatai Accounting Firm as the accounting advisor for the project to mitigate legal and financial risks [2][4]. - Beijing Tongshang Law Firm was established on May 16, 1992, and holds a valid license for securities legal services [3]. - Zhongshun Yatai Accounting Firm was founded on January 18, 2013, and is also qualified to engage in securities-related services [3]. Legal and Accounting Services - The legal services provided by Tongshang include assisting in legal due diligence, drafting and reviewing legal documents, and compiling project-related work papers [4]. - The accounting services from Zhongshun Yatai involve similar support in collecting and organizing project documentation [4][5]. Internal Review Procedures - CICC has established a standardized contract for hiring legal and accounting services, ensuring clarity in service content, fee arrangements, and mutual rights and obligations [6]. - The project team evaluates potential firms based on qualifications, experience, resources, reputation, and fee standards before finalizing the hiring process [6]. Conclusion of Compliance Review - CICC concludes that the hiring of Tongshang and Zhongshun Yatai is compliant with regulations, and there are no other direct or indirect third-party hires beyond those mentioned [5][6].

Core Viewpoint - The legal opinion letter issued by Hubei Ruitong Tianyuan Law Firm confirms the legality and compliance of Wuhan San Zhen Industrial Holding Co., Ltd.'s plan to issue shares and pay cash to acquire assets, along with raising supporting funds through related transactions [2][3][5]. Group 1: Transaction Overview - The transaction involves issuing shares and paying cash to acquire 100% equity of Wuhan Municipal Engineering Design Institute Co., Ltd. from Wuhan Urban Construction Investment and Development Group Co., Ltd. [6][7]. - The total transaction price for the acquisition is set at 1.600633 billion yuan, based on the asset evaluation report [8][9]. - The shares to be issued will be ordinary shares (A shares) with a par value of 1.00 yuan, listed on the Shanghai Stock Exchange [7][17]. Group 2: Issuance Details - The issuance price for the shares is determined to be 5.22 yuan per share, which is above the market reference price calculated based on the average trading price over the preceding trading days [7][8]. - The number of shares to be issued is calculated based on the total transaction price divided by the issuance price, resulting in approximately 260.66 million shares to be issued to the transaction counterparty [8][9]. Group 3: Performance Commitment and Compensation - The performance commitment period for the acquired company is set for three consecutive fiscal years starting from the year of transfer, with specific profit targets outlined for each year [10][11]. - If the actual net profits do not meet the committed targets, the counterparty is obligated to compensate the company, primarily through shares obtained in the transaction [11][12]. - The compensation mechanism includes adjustments based on any corporate actions such as stock dividends or capital increases during the commitment period [12][13]. Group 4: Fundraising and Use of Proceeds - The company plans to raise up to 1.36 billion yuan through the issuance of shares to specific investors, which will be used for transaction-related costs, project investments, and working capital [19][20]. - The fundraising is not a prerequisite for the completion of the asset acquisition, ensuring that the acquisition can proceed regardless of the fundraising outcome [20].

Group 1 - The core point of the article is that Wuhan San Zhen Industrial Holding Co., Ltd. plans to acquire 100% equity of Wuhan Municipal Engineering Design and Research Institute Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds from no more than 35 specific investors [1] - China International Capital Corporation serves as the independent financial advisor for this restructuring, ensuring compliance with relevant regulations and conducting thorough due diligence [1] - The independent financial advisor commits to the accuracy and completeness of the disclosed information, confirming that there are no substantial discrepancies between their professional opinions and the documents provided by the listed company and the transaction party [1]

Core Viewpoint - The law firm Hubei Ruitong Tianyuan has conducted a verification of the insider information registrant system of Wuhan San Zhen Industrial Holdings Co., Ltd., confirming that the company has established and executed the necessary regulations in compliance with relevant laws and regulations [2][4]. Summary by Sections Insider Information Registrant System Establishment - The company has developed and revised its insider information registrant system based on board meeting documents and publicly disclosed information [3]. Execution of Insider Information Registrant System - The company has implemented necessary confidentiality measures during the planning of the transaction, including registering insider information registrants and timely reporting the list to the Shanghai Stock Exchange [4]. - Various intermediary institutions involved in the transaction have signed confidentiality agreements to prevent the disclosure of sensitive information to unrelated third parties [4]. Conclusion - The law firm concludes that the company has adhered to relevant laws and regulations in establishing and executing the insider information registrant system, ensuring proper registration and reporting of insider information [4].

Core Viewpoint - The company plans to acquire 100% equity of Wuhan Municipal Engineering Design and Research Institute Co., Ltd. from Wuhan Urban Construction Investment Development Group Co., Ltd. through a combination of issuing shares and cash payment [1][2][3] Summary by Sections 1. Basic Situation of the Equity Change - The equity change involves the company issuing 260,657,662 shares to Wuhan Urban Construction Investment Development Group [2][3] - After the transaction, Wuhan Urban Construction Investment Development Group will directly hold 260,657,662 shares and indirectly hold 399,140,764 shares through Wuhan Water Group, totaling 659,798,426 shares, which will represent 52.61% of the company's total shares post-transaction [2][3] 2. Changes in Controlling Shareholder and Actual Controller - The transaction will not change the controlling shareholder or actual controller of the company; Wuhan Water Group remains the controlling shareholder, and the actual controller is still the Wuhan Municipal State-owned Assets Supervision and Administration Commission [2][3] 3. Approval Procedures for the Equity Change - The transaction has undergone necessary decision-making and approval processes, including principle agreement and independent director meetings [4] - The transaction will require further approval due to the triggering of the mandatory tender offer obligation [4] 4. Subsequent Matters Involved - The equity change will not significantly impact the company's governance structure or ongoing operations [4] - Wuhan Urban Construction Investment Development Group and its concerted parties have fulfilled their disclosure obligations regarding the equity change [4]

武汉三镇实业控股股份有限公司 简式权益变动报告书 上市公司名称：武汉三镇实业控股股份有限公司 股票上市地点：上海证券交易所 股票简称：武汉控股 股票代码：600168 信息披露义务人一：武汉市城市建设投资开发集团有限公司 主要经营场所：汉阳区晴川街解放一村8号 通讯地址：湖北省武汉市洪山区团结大道1020号（城投大楼） 信息披露义务人二：武汉市水务集团有限公司 主要经营场所：硚口区解放大道170号 通讯地址：湖北省武汉市江岸区建设大道957号 股份变动性质：因信息披露义务人一认购上市公司股票，持有股份数量增加，持 股比例上升至20.79%，信息披露义务人二持股比例下降至31.83%，信息披露义务 人一与信息披露义务人二合计持股比例上升至52.61%，上升12.43%。 权益变动报告书签署日期： 2025 年 9 月 4 日 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则 第15号——权益变动报告书》等相关法律、法规和规范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履 ...

Group 1 - Wuhan Holdings (SH 600168) announced the convening of its 44th meeting of the 9th Board of Directors on September 4, 2025, to discuss the proposal for the 2025 third extraordinary shareholders' meeting [1] - For the year 2024, the revenue composition of Wuhan Holdings is as follows: urban sewage treatment accounts for 53.37%, water engineering construction business accounts for 37.94%, and other businesses account for 8.69% [1] - As of the report date, the market capitalization of Wuhan Holdings is 5.1 billion yuan [1]

Core Viewpoint - Wuhan Holdings (600168) plans to acquire 100% equity of Wuhan Municipal Institute through a share issuance and cash payment, with a transaction price of approximately 1.6 billion yuan, excluding the fundraising amount [1] Group 1: Transaction Details - The company intends to issue shares and pay cash to purchase the equity from Wuhan City Investment Group [1] - The transaction price is around 1.6 billion yuan [1] - The company will issue shares to no more than 35 specific investors to raise matching funds [1] Group 2: Business Impact - Upon completion of the transaction, the company's main business will expand to include the existing sectors of the Wuhan Municipal Institute, such as surveying and design, engineering management, and engineering consulting [1] - This acquisition is expected to generate additional business revenue and profit for the company [1] - The move aims to create a new growth point for the company's performance [1]

湖北瑞通天元律师事务所 关于武汉三镇实业控股股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易的法律意见书 鄂瑞天非诉字〔2025〕第 1070 号 | | | 地址：湖北省武汉市江汉区青年路 278 号武汉中海中心 19-20 层 电话：027-59625780 传真：027-59625789 | 第一部分 前 言 | 3 | | --- | --- | | 第二部分 释 义 | 5 | | 第三部分 正文 | 7 | | 一、本次交易方案概述 | 7 | | 二、本次交易各方的主体资格 | 17 | | 三、本次交易的性质 | 22 | | 四、本次交易的批准和授权 | 23 | | 五、本次交易涉及的重大协议 | 24 | | 六、本次交易的标的资产 | 25 | | 七、本次交易涉及的债权债务处理 | 74 | | 八、本次交易的披露和报告 | 74 | | 九、关联交易及同业竞争 | 75 | | 十、本次交易的实质条件 | 95 | | 十一、本次交易的证券服务机构 | 98 | | 十二、关于本次交易相关方买卖股票的情况 | 99 | | 十三、结论意见 | 99 | 法律意见书 ...

（以下无正文） 4-10-1 （本页无正文，为《中国国际金融股份有限公司关于武汉市政工程设计研究 院有限责任公司是否存在被其股东及其关联方非经营性占用资金事项的核查意 见》之签章页） 独立财务顾问主办人： 中国国际金融股份有限公司关于 武汉市政工程设计研究院有限责任公司是否存在 被其股东及其关联方非经营性占用资金事项的核查意见 武汉三镇实业控股股份有限公司拟通过发行股份及支付现金方式购买武汉 市城市建设投资开发集团有限公司持有的武汉市政工程设计研究院有限责任公 司 100%的股权（以下简称"标的资产"），并向不超过 35 名特定投资者发行股 份募集配套资金（以下简称"本次交易"）。中国国际金融股份有限公司（以下 简称"本独立财务顾问"）作为本次交易的独立财务顾问，依照《上市公司监管 指引第 9 号——上市公司筹划和实施重大资产重组的监管要求》，就标的资产是 否存在被其股东及其关联方非经营性占用资金事项进行了审慎核查，并发表如下 意见： 经核查，截至本核查意见出具日，标的资产不存在被其股东及其关联方非经 营性占用资金事项。 因此，本独立财务顾问认为本次交易符合《上市公司监管指引第 9 号——上 市公司筹划和实施 ...