Ice Wheel Environment (000811.SZ) plans to acquire 45% of Yantai Mingxiang's shares for 703 million yuan to indirectly control sealing technology

According to Zhitong Finance App, Ice Wheel Environment (000811.SZ) announced that the company signed “Equity Transfer Agreements” with Yantai Guofeng Investment Holding Group Co., Ltd. (“Yantai Guofeng”) and Yantai Hehong Investment Co., Ltd. (“Yantai Hehong”) on September 8, 2026. The company plans to acquire 45% of the shares of Yantai Mingxiang Holdings Co., Ltd. (“Yantai Mingxiang”) through an agreed transfer, with a transaction price of 703 million yuan, of which 30% of the shares held by Yantai Guofeng were purchased at a transaction price of 468 million yuan; and 15% of the shares held by Yantai Hehong were purchased at a transaction price of 234 million yuan. The acquisition capital is the company's own capital.

According to reports, Yantai Mingxiang holds 47.93% of the shares in Yantai Sealing Technology Co., Ltd. (“Sealing Technology” for short) and is the controlling shareholder of Sealing Technology. After the transaction was completed, the company and Yantai Guofeng, the controlling shareholder, held 45% of Yantai Mingxiang's shares and 22% of the shares respectively. In total, they held 67% of Yantai Mingxiang's shares, forming control over Yantai Mingxiang, which in turn can indirectly control sealing technology. The company and Sealing Technology have some business collaboration. This transaction can help the company improve its industrial layout, expand its asset scale, further enhance the sustainable profitability and resilience of the two companies, enhance overall value, and maximize shareholder value. After the transaction is completed, Yantai Mingxiang will be included in the scope of the company's consolidated statement.