中原环保股份有限公司第九届董事会第十九次会议决议公告

Group 1 - The company intends to acquire the assets of Zhengzhou's Sanhuan and Sihuan recycled water pipelines through a public bidding process, with a total listing price of RMB 145,764.02 million [8][19][33] - The acquisition aligns with national policies promoting recycled water utilization, enhancing resource allocation and expanding the company's operational capabilities in the recycled water sector [37][39] - The company has established a dedicated recycled water division to drive market development and improve operational efficiency [38][40] Group 2 - The board of directors has approved the proposal to participate in the bidding for the assets, with a maximum bidding price not exceeding 5% of the listing price [11][50] - The acquisition is expected to enhance the company's profitability, with projected average annual net profits of RMB 12,576.57 million starting from 2031 [41][42] - The company plans to finance the acquisition through a combination of self-owned and raised funds, ensuring manageable cash flow during the initial investment phase [36][43] Group 3 - The Sanhuan assets include eight sub-assets, with a book value of RMB 44,471.43 million as of September 30, 2025, while the Sihuan assets are recorded as construction in progress with a book value of RMB 84,089.91 million [18][23] - The company has engaged third-party firms for due diligence and asset evaluation to ensure compliance and mitigate risks associated with the acquisition [9][10][24] - The acquisition is not expected to constitute a major asset restructuring as defined by relevant regulations [13]