According to the Chengfa Environmental announcement, Chengfa Water, a wholly-owned subsidiary, plans to publicly list and transfer 100% of its shares in Urban Development for 149 million yuan. The transferee is the controlling shareholder's subsidiary Chengfa Investment, which constitutes a related transaction. There is no need to submit it to the shareholders' meeting for review, and it does not constitute a major asset restructuring. As of June 30, 2025, the city's active revenue was 2.363,900 yuan and net profit was 3.4412 million yuan. After the transaction was completed, Urban Development was no longer included in the company's consolidated statements. From January 1, 2025 to the date of disclosure, the company and related parties accumulated a total of 764 million yuan in related transactions. This transfer can focus on the main business, optimize resources, and use capital for production and operation.

According to the Chengfa Environmental announcement, Chengfa Water, a wholly-owned subsidiary, plans to publicly list and transfer 100% of its shares in Urban Development for 149 million yuan. The transferee is the controlling shareholder's subsidiary Chengfa Investment, which constitutes a related transaction. There is no need to submit it to the shareholders' meeting for review, and it does not constitute a major asset restructuring. As of June 30, 2025, the city's active revenue was 2.363,900 yuan and net profit was 3.4412 million yuan. After the transaction was completed, Urban Development was no longer included in the company's consolidated statements. From January 1, 2025 to the date of disclosure, the company and related parties accumulated a total of 764 million yuan in related transactions. This transfer can focus on the main business, optimize resources, and use capital for production and operation.