Overview - The company, Shandong New Energy Taishan Power Co., Ltd., has announced its decision to waive its right of first refusal for a 14% equity stake in Huaneng Yuncheng Digital Financial Technology (Xiong'an) Co., Ltd. [2][3] Group 1: Waiving Rights - The company holds a 5% stake in Huaneng Yuncheng Digital Financial Technology and will maintain this stake after waiving the right to purchase the additional 14% being sold by the current shareholder, Tsinghua Tongfang Technology Service Co., Ltd. [2][3] - The decision to waive the right is aimed at ensuring that the company's funds are concentrated on core business operations, maintaining overall interests and cash flow stability, and reducing operational risks [2][9][10] - The waiver does not constitute a related party transaction or a significant asset restructuring as defined by relevant regulations [3] Group 2: Financial and Corporate Details - Huaneng Yuncheng Digital Financial Technology was established in January 2018 with a registered capital of 200 million yuan, and the company’s total assets as of December 31, 2024, were approximately 251.85 million yuan, with total liabilities of about 225.04 million yuan, resulting in a net asset value of approximately 26.81 million yuan [7][8] - The company reported a revenue of approximately 9.77 million yuan and a net profit of about 1.42 million yuan for the year 2024 [8] - The valuation of the equity stake being sold is based on an assessment report that values the total equity of Huaneng Yuncheng at approximately 29.4 million yuan, with the minimum price for the 14% stake set at approximately 4.26 million yuan [8][9]

Group 1 - The company intends to waive its preferential purchase rights for a 14% stake in Huaneng Yun Cheng Digital Industry Technology (Xiong'an) Co., Ltd. to focus on core business and maintain cash flow stability [1][4] - The decision to waive the rights was approved by the board with a unanimous vote of 10 in favor, with no opposition or abstentions [2] - The company currently holds a 5% stake in Huaneng Yun Cheng and will retain this percentage after the transfer [1][4] Group 2 - The valuation of Huaneng Yun Cheng's total equity as of December 31, 2024, is estimated at 294 million yuan, with the 14% stake being offered at a minimum price of approximately 42.6 million yuan [4] - The company has previously waived its rights to a 20% stake in the same entity, which will be combined with the current waiver for calculation purposes [2] - The company does not foresee any negative impact on its future operations or shareholder interests as a result of this decision [4][5]

Group 1 - The company Tianshan Materials Co., Ltd. has decided to waive its right of first refusal regarding the transfer of 49% equity in its subsidiary, Piyang Zhonglian New Materials Co., Ltd., which is being sold by Henan Zhonghong Industrial Co., Ltd. for a price of 705.6 million yuan [1][4] - The decision to waive the right was approved unanimously in a board meeting, with 9 votes in favor and no opposition or abstentions [1][2] - The transaction does not constitute a major asset restructuring as defined by relevant regulations, and therefore does not require approval from the shareholders' meeting or regulatory authorities [2] Group 2 - Henan Zhonghong Industrial Co., Ltd. holds 49% of the equity in Piyang Zhonglian and is a limited liability company established in June 2017, with a registered capital of 55.56 million yuan [2][3] - Piyang Zhonglian New Materials Co., Ltd. was established in November 2019, has a registered capital of 480 million yuan, and is primarily engaged in mining, aggregate processing, and concrete production [3][4] - The financial data of Piyang Zhonglian shows total assets of 191.09 million yuan as of December 31, 2024 [3]