Huige Environmental Protection (02613): Successfully acquired such assets located in Jiangsu through public tender

Zhitong Finance App News, Huige Environmental Protection (02613) issued an announcement. The board of directors is pleased to announce that the tender ended successfully on August 28, 2026, and that the seller Shanghai Electric Research (Rugao) Construction Technology Co., Ltd. signed the contract with the buyer Huige (Jiangsu) Marine Equipment Manufacturing Co., Ltd. (a wholly-owned subsidiary of the company, as the winning bidder) on September 1, 2026. According to the contract, the seller agreed to transfer the land use rights and ownership of the property and equipment to the buyer at a cost of approximately RMB 78.47 million (excluding tax).

The land is located at No. 6 Kangye Road, Changjiang Town, Rugao City, Nantong City, Jiangsu Province, People's Republic of China. The site area is about 67,736 square meters. According to the director's knowledge after making all reasonable inquiries, the remaining lease period of the land is about 43 years and will expire on January 21, 2069; the property, located on this land, has a total site area of about 37,930.77 square meters. The property was built in 2021. The property includes office buildings, factories and security rooms listed in the online trading system list; and this equipment is a set of auxiliary facilities and 20 bridge cranes listed in the online trading system list.

The board of directors believes that since the land and property are located in Nantong City, the region has one of the most developed shipbuilding and marine equipment supporting industries in the Yangtze River Delta and the whole of China, the acquisition shows a significant cluster advantage in high-end equipment manufacturing. The acquisition is aimed at expanding the Group's production capacity, which is consistent with the company's fund-raising goals and the designated use of proceeds. Furthermore, the acquisition will enable the company to provide efficient and high-quality professional supporting services, and greatly enhance the Group's high-end manufacturing capabilities and market adaptability. Therefore, the Board of Directors believes that the acquisition is fair and reasonable, and is in the best interests of the Company and its shareholders as a whole.