NBTP(SH:600982) Shang Hai Zheng Quan Bao·2025-10-10 19:27Group 1 - The core point of the announcement is that Ningbo Energy Group Co., Ltd. plans to absorb and merge its wholly-owned subsidiaries, Ningbo Yongneng Biomass Energy Development Co., Ltd. and Ningbo Yongchuang Power Technology Co., Ltd. [2][3] - After the merger, Yongneng Biomass will continue to operate and will be renamed Ningbo Energy Group Biomass Energy Development Co., Ltd., while Yongchuang Power will be legally dissolved [2][3][4]. - The merger has been approved by the company's board of directors and does not constitute a related party transaction or a major asset restructuring as defined by regulations [2][4]. Group 2 - The merger aims to optimize the company's management structure, improve operational efficiency, and reduce management costs [3][4]. - The merger will not have a substantial impact on the company's consolidated financial statements, and the overall business development and profitability will not be adversely affected [4][8]. - The board of directors has authorized the management to handle the relevant matters related to the merger and to fulfill any legal or regulatory requirements [4][18]. Group 3 - The company has also announced the decision to waive its right of first refusal regarding a 5.83% equity stake in its subsidiary, Ningbo Xikou Pumped Storage Power Station Co., Ltd., which is being transferred to a wholly-owned subsidiary of Ningbo Yongshan Holdings Group Co., Ltd. [7][9]. - This transaction does not constitute a related party transaction or a major asset restructuring and does not require shareholder approval [7][8]. - The waiver of the right of first refusal will not negatively impact the company's ongoing operations, financial performance, or asset status [8][12].