易成新能：控股股东战略重组签署框架协议

Core Viewpoint - The announcement indicates a strategic restructuring involving Henan Energy Group and Pingmei Shenma Group, with the aim of enhancing operational efficiency and market positioning through a capital increase based on fair value assessment [1] Group 1: Strategic Restructuring - On September 25, 2025, the controlling shareholder announced a strategic restructuring involving Henan Energy Group and Pingmei Shenma Group [1] - On November 7, the Henan State-owned Assets Supervision and Administration Commission signed a framework agreement for the strategic restructuring [1] - The restructuring will involve increasing capital for Pingmei Shenma Group based on the 100% equity held by Henan Energy Group at assessed fair value [1] Group 2: Implications of the Restructuring - Following the completion of the restructuring, Henan Energy Group will become a wholly-owned subsidiary of Pingmei Shenma Group [1] - The restructuring process will require auditing, evaluation, and approval, but it does not involve a significant asset restructuring for the company [1] - The controlling shareholder, actual controller, and control rights will remain unchanged throughout this process [1]