Hongqiao Holdings announced that the company plans to acquire 100% of the shares of Yunnan Hongqiao New Energy and Yunnan Xinchuang in cash through its wholly-owned subsidiary Yunnan Hongqiao New Materials, with a total transaction price of 2,050 billion yuan. The counterparty in this transaction is Shandong Hongqiao, the indirect controlling shareholder of the company, and Binzhou Public Construction, which is controlled by the actual controller. It constitutes a related transaction, does not constitute a major asset restructuring, and will not lead to a change in the company's control. The transaction has been reviewed and approved by the board of directors of the company and does not need to be submitted to the shareholders' meeting After the transaction is completed, the target company will become a wholly-owned subsidiary of the company, which can strengthen its ability to independently supply electricity and eliminate potential competition in the industry.

Hongqiao Holdings announced that the company plans to acquire 100% of the shares of Yunnan Hongqiao New Energy and Yunnan Xinchuang in cash through its wholly-owned subsidiary Yunnan Hongqiao New Materials, with a total transaction price of 2,050 billion yuan. The counterparty in this transaction is Shandong Hongqiao, the indirect controlling shareholder of the company, and Binzhou Public Construction, which is controlled by the actual controller. It constitutes a related transaction, does not constitute a major asset restructuring, and will not lead to a change in the company's control. The transaction has been reviewed and approved by the board of directors of the company and does not need to be submitted to the shareholders' meeting After the transaction is completed, the target company will become a wholly-owned subsidiary of the company, which can strengthen its ability to independently supply electricity and eliminate potential competition in the industry.