Core Viewpoint - Zhejiang Dechuang Environmental Protection Technology Co., Ltd. plans to acquire a 40% stake in Shaoxing Huaxin Environmental Technology Co., Ltd. for RMB 67,640,000, which constitutes a related party transaction but does not qualify as a major asset restructuring [1][2]. Group 1: Transaction Overview - The acquisition aims to extend the hazardous waste disposal industry chain and enhance the synergy with existing business operations [2][11]. - The transaction has been approved by the company's board and supervisory committee and will be submitted for shareholder approval [3][2]. - The transaction price is set at RMB 67,640,000, with full payment due by October 31, 2025 [2][3]. Group 2: Related Party Information - The seller, Zhejiang Mingyan Asset Management Co., Ltd., has no other related transactions with the company in the past 12 months [3][7]. - The major shareholders of Mingyan Asset include Huang Aixiang (65.60%) and Lu Junchai (33.40%) [5]. Group 3: Target Company Overview - Shaoxing Huaxin Environmental Technology Co., Ltd. specializes in the incineration disposal of medical and industrial hazardous waste, with a processing capacity of 30,000 tons of industrial hazardous waste and 9,800 tons of medical waste annually [8][9]. - The company has a clear ownership structure and is not involved in any litigation or arbitration that would hinder the transfer of ownership [7][8]. Group 4: Financial Information - As of the evaluation date, Huaxin Environmental's total assets are valued at approximately RMB 194.71 million, with total liabilities of about RMB 22.55 million, resulting in net assets of approximately RMB 172.16 million [10][23]. - The assessed value of the entire equity of Huaxin Environmental is RMB 169.28 million, reflecting an increase of RMB 7.72 million (4.78%) over the book value [12][23]. Group 5: Strategic Rationale - The acquisition is driven by strategic collaboration needs, as Huaxin Environmental complements the operations of Dechuang's subsidiaries in the hazardous waste sector [11][12]. - The company will not acquire a controlling stake to maintain management stability and will participate in significant decisions through board representation [11][12].

Company Overview - Shenzhen Yuhui Green Circular Ecology Co., Ltd. has been established with a registered capital of 8 million RMB [1] - The legal representative is Wei Jinpeng, and the company is jointly held by Shenzhen Panghaoda Technology Co., Ltd. (70% stake) and Shenzhen Yuhui Industrial Co., Ltd. (25% stake), with Guo Guiyang holding the remaining 5% [1] Business Scope - The company’s business includes ecological environment material sales, environmental emergency treatment services, environmental protection monitoring, and air pollution prevention services [1] - Additional services encompass ecological restoration, ecosystem protection management, park management, planning and design management, and new material technology research and promotion [1] - The company is also involved in the sales of new energy vehicles, related equipment, and battery sales, as well as investment activities and property management [1] Industry Classification - The company operates within the water, environment, and public facilities management industry, specifically focusing on ecological protection and environmental governance [1] - The business address is located in the Futian District of Shenzhen, indicating a strategic position for operations in the environmental sector [1]

Group 1 - A new company, Wuxue City Urban Development Soil Management Co., Ltd., has been established with a registered capital of 200 million RMB [1] - The company is wholly owned by Wuxue City Urban Investment Development Group Co., Ltd. [1] - The legal representative of the new company is Wang Yixiong [1] Group 2 - The business scope includes solid waste management, earthwork engineering, land remediation services, and environmental protection equipment sales [1] - The company is involved in soil pollution treatment and remediation services, geological disaster management, and ecological restoration services [1] - The company also provides various services such as environmental emergency management, non-metallic mineral sales, and construction material sales [1] Group 3 - The company is classified under the national standard industry of water, environment, and public facility management, specifically in ecological protection and environmental governance [1] - The registered address is located at No. 8 Beichuan Road, Wuxue City, Huanggang City, Hubei Province [1] - The business license is valid until August 13, 2025, with no fixed term thereafter [1]

Group 1 - A new company named Yancheng Dafeng District Yuanjing Operation Management Co., Ltd. has been established with a registered capital of 20 million RMB [1] - The company is wholly owned by Yancheng Dafeng District Industrial Investment Group Co., Ltd. [1] - The business scope includes construction project contracting, inspection and testing services, environmental protection consulting, and various pollution control services [1] Group 2 - The company is classified under the national standard industry of water conservancy, environment, and public facilities management, specifically in environmental governance [1] - The legal representative of the company is Jia Hongyu, and the company is registered in Jiangsu Province, Yancheng City, Dafeng District [1] - The business operations are set to continue until August 11, 2025, with no fixed term thereafter [1]

Company Overview - Huzhou Wuxing Yunduan Environmental Governance Co., Ltd. was recently established with a registered capital of 100 million RMB [1][2] - The legal representative of the company is Xie Kunlun, and it is wholly owned by Zhejiang Ruiyang Technology Development Group Co., Ltd. [1][2] Business Scope - The company’s business scope includes solid waste treatment, water pollution control, agricultural non-point source and heavy metal pollution prevention technology services, ecological restoration and protection services, earth and stone engineering construction, project management services, land remediation services, urban greening management, municipal facility management, and sales of building materials [1] - Additional services include rural handicrafts and products, leisure agriculture and rural tourism resource development, park management services, leisure sightseeing activities, water resource management, landscaping engineering construction, parking services, scenic area management, and non-residential real estate leasing [1] - The company is also involved in licensed projects such as urban construction waste disposal and construction engineering [1] Company Registration Details - The company is classified under the national standard industry of water conservancy, environment, and public facility management, specifically in ecological protection and environmental governance [2] - The registered address is located at 399 Wuxing Avenue, Wuxing District, Huzhou City, Zhejiang Province [2] - The company is a limited liability company with a business term set until August 8, 2025, with no fixed expiration date [2]

Core Points - A new company, Jiaxing Chongheng Environmental Engineering Co., Ltd., has been established with a registered capital of 2 million RMB [1] - The company is wholly owned by Jiaxing County Green Energy Environmental Engineering Co., Ltd. [1] - The legal representative of the new company is Zhang Binghao [1] Company Overview - Company Name: Jiaxing Chongheng Environmental Engineering Co., Ltd. [1] - Legal Representative: Zhang Binghao [1] - Registered Capital: 2 million RMB [1] - Company Type: Limited liability company (wholly owned by a legal entity) [1] - Business Scope: Includes construction project contracting, design, urban waste management, and various environmental services [1] Business Activities - The company is involved in construction engineering, urban waste disposal, and environmental pollution control [1] - Specific activities include cement product sales, municipal facility management, and mechanical equipment leasing [1] - The company operates under the supervision of the Jiaxing Market Supervision Administration [1]

Company Overview - Zhongying Maitie (Jiangsu) Technology Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Xu Chao [1] - The company is jointly held by Ningguo Zhongying Zhiliang Technology Co., Ltd. (55%) and Maitie Recycling (Beijing) Technology Co., Ltd. (45%) [1] Business Scope - The company’s business scope includes construction engineering, technical services, environmental protection, and various equipment sales [1] - Specific activities include construction project design, installation and repair of special equipment, pollution control, and technology development [1] - The company is also involved in the sales of chemical products, building materials, and various industrial equipment [1] Industry Classification - The company operates within the water conservancy, environment, and public facilities management industry, specifically focusing on ecological protection and environmental governance [1] - The registered address is located in Suzhou High-tech Zone, indicating a strategic position for technology and environmental services [1]

Core Viewpoint - The establishment of Liaoning Qijie Construction Engineering Management Co., Ltd. indicates a growing focus on environmental management and ecological restoration services in the region [1] Company Summary - Company Name: Liaoning Qijie Construction Engineering Management Co., Ltd. [1] - Legal Representative: Wang Cong [1] - Registered Capital: 3 million RMB [1] - Shareholder: Liaoning Ruiwen Engineering Management Co., Ltd. holds 100% [1] - Business Scope: The company offers a wide range of services including geological disaster management, ecological restoration, pollution prevention, air and water pollution control, solid waste management, and environmental consulting [1] Industry Summary - Industry Classification: Water conservancy, environmental, and public facility management; ecological protection and environmental governance; environmental remediation [1] - Address: 34-12 Qianjin Road, Haizhou District, Fuxin City, Liaoning Province [1] - Company Type: Limited liability company (wholly owned by a natural person) [1] - Business Duration: Until July 18, 2025, with no fixed term thereafter [1] - Registration Authority: Fuxin City Haizhou District Market Supervision Administration [1]

Company Overview - Sichuan Nanbu Bikuang Cloud Environmental Technology Co., Ltd. was recently established with a registered capital of 60 million RMB [1] - The company is wholly owned by Nanbu County Urban Construction Development Co., Ltd. [1] Business Scope - The company’s business includes licensed projects such as kitchen waste treatment, sewage treatment and recycling, solid waste management, and environmental protection equipment sales [1] - Additional services include biomass fuel processing, soil erosion prevention, water pollution control, ecological restoration, and various environmental monitoring and consulting services [1] - The company is also involved in the manufacturing of industrial control systems and smart water management systems [1] Regulatory Information - The company is registered under the water conservancy, environmental, and public facilities management industry, specifically focusing on ecological protection and environmental governance [1] - The business operations are subject to approval from relevant authorities as per the licensed projects [1]

Company Overview - Nanniwan (Sichuan) Resource Development Co., Ltd. has been established with a registered capital of 5 million RMB [1] - The legal representative is Fan Runhua, and the company is jointly held by Nanniwan (Beijing) Resource Development Co., Ltd. (51%) and Sichuan Xulisheng Agricultural Technology Co., Ltd. (49%) [2] Business Scope - The company's business scope includes various licensed projects such as tourism, sewage treatment and recycling, ecological environment material sales, environmental protection equipment sales, and agricultural machinery sales [2] - Additional services include environmental consulting, medical device sales, ecological resource monitoring, tourism project planning, human resources services, emerging energy technology research and development, and information consulting [2] - The company is also involved in resource recycling technology research, resource management, and the development of rural tourism resources [2] Industry Classification - The company operates within the national standard industry of water conservancy, environmental and public facility management, specifically focusing on ecological protection and environmental governance [2] - The registered address is located in Nanchong City, Sichuan Province, indicating a regional focus on environmental services [2]