The stock code: 002616
The stock abbreviation: Changqing Group
Announcement number: 2026-032
Guangdong Changqing (Group) Co., Ltd. announces the progress of the transfer of 100% equity of Changqing Environmental Energy (Zhongshan) Co., Ltd. and Zhongshan Changqing Environmental Thermal Energy Co., Ltd.
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder: The third phase of the receivable equity transfer payment (final payment) totals 44.4385 million yuan. The company has recently received part of the payment totaling 44.3385 million yuan. As of the date of this announcement, Public Environmental Energy still owes 100,000 yuan of the equity transfer payment and has been issued a payment reminder letter by the company.
Overview of the Equity Transfer Transaction
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On June 30, 2023, Guangdong Changqing (Group) Co., Ltd. (hereinafter referred to as "the company" or "Changqing Group") signed the "Equity Acquisition Framework Agreement for Changqing Environmental Energy (Zhongshan) Co., Ltd. and Zhongshan Changqing Environmental Thermal Energy Co., Ltd." (hereinafter referred to as "the original agreement") with Zhongshan Public Utility Group Co., Ltd. (hereinafter referred to as "Zhongshan Public"). The agreement intends to transfer 100% equity of Changqing Environmental Energy (Zhongshan) Co., Ltd. (hereinafter referred to as "Changqing Energy" or "Target Company 1") and Zhongshan Changqing Environmental Thermal Energy Co., Ltd. (hereinafter referred to as "Changqing Thermal Energy" or "Target Company 2") held by the company and its wholly-owned subsidiary Mingchu (Hong Kong) Co., Ltd. (hereinafter referred to as "Mingchu Hong Kong") to Zhongshan Public or its designated affiliates. For specific details, please refer to the announcement disclosed on July 1, 2023, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No. 2023-055).
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On December 29, 2023, based on the actual situation of cooperation between the two parties, the company and Zhongshan Public signed the "Supplementary Agreement to the Equity Acquisition Framework Agreement for Changqing Environmental Energy (Zhongshan) Co., Ltd. and Zhongshan Changqing Environmental Thermal Energy Co., Ltd." (hereinafter referred to as "the supplementary agreement"), and both parties agreed to extend the validity period of the original agreement until May 31, 2024. For specific details, please refer to the announcement disclosed on December 30, 2023, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No. 2023-089).
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Due to the failure of both parties to reach an agreement on key issues regarding the equity transfer during the validity period of the "original agreement" and "supplementary agreement," after friendly consultations, both parties did not sign an agreement to extend the validity period after May 31, 2024, but may still contact each other regarding related matters in the future. For specific details, please refer to the announcement disclosed on May 30, 2024, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No. 2024-040).