中国天楹股份有限公司 第九届董事会第十四次会议决议公告

Group 1 - The company held its 14th meeting of the 9th Board of Directors on November 28, 2025, where the resolution to sell assets of its wholly-owned subsidiary was approved [1][2][3] - The assets being sold include the operational assets related to the municipal solid waste incineration power generation project in Mudanjiang, with a total transaction value of RMB 580 million [6][30] - The transaction does not require shareholder approval and is not classified as a related party transaction or a major asset restructuring [6][30] Group 2 - The buyer of the assets is the Mudanjiang Comprehensive Administrative Law Enforcement Bureau, a government agency with no existing related party relationships with the company [7][9][10] - The assets being sold include machinery, buildings, land use rights, inventory, and other operational assets, with a total book value of approximately RMB 580 million [11][12][14][30] - The sale is part of the company's strategy to optimize its business layout and resource allocation, aiming to enhance asset operation efficiency and overall profitability [30] Group 3 - The payment for the assets will be made in installments, with RMB 316 million due within five working days of the agreement's effectiveness, followed by additional payments by the end of December 2025 and January 2026 [20][21] - The company expects a reduction in net profit of approximately RMB 47 million for the fiscal year 2025 due to this transaction, although the impact on the company's ongoing operations is deemed minimal [30]