CHALIECO (02068) has announced that on November 6, 2026, Jiuye and Shenyang Institute, both non-wholly owned subsidiaries of the company, entered into an equity transfer agreement. Under the agreement, Jiuye has agreed to transfer its 60% equity interest in Jiuye 3D to Shenyang Institute for a consideration of RMB 100.0812 million.
Following the completion of the equity transfer, the company's shareholding ratio in Jiuye 3D will decrease by 7.7676%. Jiuye 3D will continue to be an indirect non-wholly owned subsidiary of the company.
The equity transfer is an internal restructuring initiative within the group, aimed at achieving efficient synergy of core resources between both parties through capital integration, clustering the group's mixing equipment business on a larger scale, and forming a closed business loop.
Jiuye 3D will leverage Shenyang Institute's technological advantages and the policy benefits of the "Science and Technology Reform" to accelerate its transformation and upgrading while enhancing its core competitiveness. Shenyang Institute will be able to quickly fill the industrialization gap in its energy-saving business, forming a dual-driven pattern of environmental protection and energy-saving equipment, and achieving a "1+1>2" systemic advantage.
The directors, including independent non-executive directors, believe that although the equity transfer is not conducted in the ordinary and usual course of the company's business, entering into the equity transfer agreement is beneficial and necessary for the group's business operations. The pricing of the equity transfer agreement was determined through negotiation with reference to the appraised value of the transfer target. The equity transfer agreement and the equity transfer thereunder were entered into on normal commercial terms, with terms that are fair and reasonable and in the overall interest of the company and its shareholders.
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