Securities Code: 001299 Securities Abbreviation: Meinen Energy Announcement No.: 2026-042
Shaanxi Meinen Clean Energy Group Co., Ltd.
Announcement on the Progress of Acquiring 90% Equity of Shanghai Licheng and Completion of Industrial and Commercial Registration
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
I. Transaction Overview
Shaanxi Meinen Clean Energy Group Co., Ltd. (hereinafter referred to as the "Company") held its Third Meeting of the Fourth Board of Directors on May 21, 2026, and its First Extraordinary General Meeting of Shareholders on June 8, 2026, respectively. Both meetings deliberated and approved the "Proposal on Changing and Terminating Some Fundraising Investment Projects and Using Raised Funds to Acquire 90% Equity of Shanghai Licheng and Related Party Transactions." The proposal agreed that the Company would acquire 90% equity of Shanghai Meinen Licheng Integrated Energy Service Co., Ltd. (hereinafter referred to as "Shanghai Licheng") held by Shaanxi Meinen Investment Co., Ltd. (hereinafter referred to as "Meinen Investment") for a transaction price of RMB 73.9578 million. For details, please refer to the "Announcement on Changing and Terminating Some Fundraising Investment Projects and Using Raised Funds to Acquire 90% Equity of Shanghai Licheng and Related Party Transactions" (Announcement No.: 2026-034) and the "Announcement on the First Extraordinary General Meeting of Shareholders" (Announcement No.: 2026-037) disclosed on the Juchao Information Network (www.cninfo.com.cn) on May 22, 2026, and June 9, 2026, respectively.
II. Transaction Progress
(I) Payment of