SPICYD(SH:600292) Zheng Quan Zhi Xing·2025-08-31 10:13Core Viewpoint - The company is adjusting its transaction plan for acquiring stakes in Wuling Power and Changzhou Hydropower, which does not constitute a major adjustment to the restructuring plan [1][24][27]. Transaction Adjustment Details - The company plans to acquire 100% of Wuling Power and 64.93% of Changzhou Hydropower through a combination of cash and stock issuance [1]. - The adjusted transaction price for 100% of Wuling Power is set at 2,426,734.20 million yuan, reflecting a dividend amount of 40,000.00 million yuan [1][2]. - The total adjusted transaction price for the assets is 2,717,969.98 million yuan, with cash payment of 360,369.98 million yuan and stock payment of 2,357,600.00 million yuan [2][4]. Transitional Profit and Loss Allocation - During the transition period, profits from the evaluated assets will be retained by the company, while losses will be compensated by the respective shareholders of the evaluated assets [5][7]. - For Changzhou Hydropower, profits will be retained by the company, while losses will be compensated by Guangxi Company in cash [7][14]. Performance Commitment and Compensation Arrangements - The performance commitment period will involve annual audits to compare actual net profits against committed amounts, with compensation obligations based on the audit results [8][20]. - The maximum number of shares to be compensated will not exceed the transaction price for the performance commitment assets [20][23]. Implications of the Adjustment - The adjustment involves a reduction in the transaction price that does not exceed 20%, thus not constituting a major adjustment under regulatory guidelines [24][27]. - The decision-making process for the transaction adjustment has been approved by the board and does not require further shareholder approval [27][28].