格林美股份有限公司关于收购河南循环科技产业集团有限公司16.38%股权的公告

Transaction Overview - The company, Greenme, has decided to acquire a 16.38% stake in Henan Circular Technology Industry Group Co., Ltd. for a total amount of RMB 400 million to enhance its circular industry strategy [2][16] - The acquisition agreement was signed on December 12, 2025, with Henan Investment Group Co., Ltd. as the seller [2] - The transaction does not require board or shareholder approval and is not classified as a related party transaction or a major asset restructuring [2][5] Counterparty Information - The counterparty, Henan Investment Group, is a state-owned enterprise with a registered capital of RMB 12 billion and total assets of RMB 156.08 billion as of December 31, 2024 [3][4] - The company reported a revenue of RMB 553 million and a net profit of RMB 1.895 billion for the year 2024 [4] Target Company Information - The target company, Henan Circular Technology Industry Group, was established on October 27, 2014, with a registered capital of RMB 2 billion [7] - The company specializes in recycling and resource utilization, including the recovery of waste materials and the development of recycling technologies [7] Transaction Details - The transaction price is based on an asset valuation report that determined the total equity value of the target company to be RMB 2.4418517 billion as of May 31, 2025 [9] - The payment for the stake will be made within five working days after the contract becomes effective [10] Purpose and Impact of the Transaction - The acquisition aims to implement the company's circular industry strategy and leverage the strengths of state-owned and private enterprises [16] - Post-transaction, Henan Circular Technology will become an associate company of Greenme, not included in the consolidated financial statements, and will not adversely affect the company's financial status or independence [16]