According to Femiao Technology's announcement, the company has completed all share transfer and commercial change procedures for the acquisition of part of Jiaxing Watertech Environmental Technology Co., Ltd. The company directly and indirectly holds a total of 26.74 million shares of Watertech, corresponding to 51.1649% of the shares, with a total transaction consideration of 696 million yuan. Up to now, the company has paid a total of 415 million yuan in equity transfer prices, and the remaining price will be paid in installments in accordance with the agreement in conjunction with performance commitments and assessment results. This transaction does not constitute a related transaction or major asset restructuring, and there is uncertainty about subsequent business integration.

According to Femiao Technology's announcement, the company has completed all share transfer and commercial change procedures for the acquisition of part of Jiaxing Watertech Environmental Technology Co., Ltd. The company directly and indirectly holds a total of 26.74 million shares of Watertech, corresponding to 51.1649% of the shares, with a total transaction consideration of 696 million yuan. Up to now, the company has paid a total of 415 million yuan in equity transfer prices, and the remaining price will be paid in installments in accordance with the agreement in conjunction with performance commitments and assessment results. This transaction does not constitute a related transaction or major asset restructuring, and there is uncertainty about subsequent business integration.