Core Points - Qingdao Zeping Investment Co., Ltd. plans to transfer 51% equity of Qingdao Zeping New Industry Park Management Co., Ltd. with the transfer price to be determined [1] Group 1: Company Overview - Qingdao Zeping New Industry Park Management Co., Ltd. was established in May 2023 with a registered capital of 1 million yuan, where Zeping Investment holds 51% and Zhejiang New Environmental Technology Co., Ltd. holds 49% [2] - The company reported zero revenue for 2025 and has not commenced actual business operations [2] Group 2: Major Shareholders - Zeping Investment is a state-owned enterprise indirectly controlled by the Pingdu State-owned Assets Management Service Center [3] - Zhejiang New Environmental Technology Co., Ltd. is a shareholder of Qingdao New Environmental Technology Co., Ltd., which is listed on the New Third Board [3] Group 3: Financial Performance - Zhejiang New Environmental Technology Co., Ltd. reported revenues of 404 million yuan and 36.48 million yuan for 2024 and the first half of 2025, respectively, showing declines of 16.48% and 88.44% year-on-year [3] - The company also reported net losses of 12.33 million yuan for 2024 and a profit of 3.56 million yuan for the first half of 2025 [3] - The half-year report for 2025 was not audited by an accounting firm [3] Group 4: Business Challenges - The significant decline in revenue for the first half of the year was attributed to a business structure adjustment, with no recycling resource trading activities conducted during that period [4]