Company Overview - Wuhan San Zhen Industrial Holding Co., Ltd. was established in 1997 and approved by the Wuhan Municipal Government [1] - The company was publicly listed in 1998, with an initial total share capital of 34 million shares [1][2] - The company is primarily engaged in urban water supply and drainage, sewage treatment, and infrastructure management [3] Capital Increase and Share Issuance - In 1999, the company increased its total share capital to 40.8 million shares through a capital reserve conversion [2] - Following further capital increases, the total share capital reached 44.115 million shares after a rights issue [2] - The company plans to issue shares and pay cash to acquire 100% equity of Wuhan Municipal Engineering Design and Research Institute [5][6] Asset Acquisition Details - The transaction price for the acquisition of the design institute is set at RMB 1.600633 billion, with 85% paid in shares and 15% in cash [5] - The share issuance price is determined to be RMB 5.22 per share, based on the average trading price of the company's shares [5] - The company intends to raise funds from no more than 35 specific investors to support the acquisition [6] Financial Reporting and Accounting Policies - The financial statements are prepared under the assumption that the acquisition will be completed by January 1, 2024 [7] - The company follows the accounting standards for business combinations, treating the acquisition as a transaction under common control [7] - The financial statements reflect the company's financial position and operating results as of March 31, 2025, and December 31, 2024 [7]