Zhuangyou Co., Ltd. announced that the 10th meeting of the 8th board of directors of the company reviewed a number of proposals. It was agreed to adjust the organizational structure, merge the original engineering technology and underground technology division into a new underground technology division, and establish the drilling project part of the former underground technology division as the drilling technology division. A bill to write off part of the assets was passed, and the bill still needs to be reviewed by the shareholders' meeting. It also agreed that the subsidiary Zhuangyu Transportation would apply to the bank for a 5-year fixed asset purchase loan of no more than 30 million yuan, and authorized its chairman Guo Peng to sign relevant legal documents within the amount, for a period of one year.

Zhuangyou Co., Ltd. announced that the 10th meeting of the 8th board of directors of the company reviewed a number of proposals. It was agreed to adjust the organizational structure, merge the original engineering technology and underground technology division into a new underground technology division, and establish the drilling project part of the former underground technology division as the drilling technology division. A bill to write off part of the assets was passed, and the bill still needs to be reviewed by the shareholders' meeting. It also agreed that the subsidiary Zhuangyu Transportation would apply to the bank for a 5-year fixed asset purchase loan of no more than 30 million yuan, and authorized its chairman Guo Peng to sign relevant legal documents within the amount, for a period of one year.