Securities Code: 300066 Securities Abbreviation: SanChuan Smart Announcement No.: 2026-032
SanChuan Smart Technology Co., Ltd. Announcement on the Transfer of Equity in Holding Subsidiary Jingchuan Water
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or major omissions.
I. Overview of the Transaction
On May 29, 2026, SanChuan Smart Technology Co., Ltd. (hereinafter referred to as the "Company") held its fourth Presidential Decision Meeting of 2026, which reviewed and approved the "Proposal on the Transfer of Jingchuan Water Equity." It was agreed that the Company would transfer its 57.7634% equity in "Yingtan Jingchuan Water Co., Ltd." (hereinafter referred to as "Jingchuan Water") to Yingtan Longhushan Scenic Area Longxing State-owned Assets Operation and Management (Group) Co., Ltd. at an appraised value of RMB 3,693,672.92 (in words: Three Million Six Hundred Ninety-Three Thousand Six Hundred Seventy-Two Yuan and Ninety-Two Cents). After this transaction, the Company will no longer hold any equity in Jingchuan Water.
According to the "Company Articles of Association," this matter falls within the scope of decision-making authority of the Presidential Decision Meeting and does not require submission to the Board of Directors or Shareholders' Meeting for review and approval.
This equity transfer does not constitute a related-party transaction, nor does it constitute a major asset restructuring as stipulated by the "Measures for Major Asset Restructuring of Listed Companies."
II. Basic Information of the Transferee