Announcement on Progress of Equity Transfer Agreement for Jiangsu Rugao and Surrounding Area Distributed Photovoltaic Projects
Stock Code: 300427 Stock Abbreviation: Hongxiang Co., Ltd. Announcement Number: 2026-043
Hongxiang Co., Ltd.
Announcement on Progress of Equity Transfer Agreement for Jiangsu Rugao and Surrounding Area Distributed Photovoltaic Projects
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or major omissions.
I. Overview of Basic Situation
Hongxiang Co., Ltd. (hereinafter referred to as the "Company" or "Hongxiang Co., Ltd.") held its twelfth and fourteenth meetings of the Sixth Board of Directors on February 2, 2026, and March 26, 2026, respectively. The meetings deliberated and approved the "Proposal on the Proposed Equity Transfer Agreement with Fujian Min-Ga Power Energy Group Co., Ltd. and Other Entities for Jiangsu Rugao and Surrounding Area Distributed Photovoltaic Projects" and the "Proposal on the Supplementary Agreement for the Equity Transfer of Jiangsu Rugao and Surrounding Area Distributed Photovoltaic Projects." The Company transferred 100% of the equity of Nantong Hanlan New Energy Co., Ltd. (hereinafter referred to as the "Target Company") to Fujian Min-Ga Power Energy Group Co., Ltd. (hereinafter referred to as "Fujian Min-Ga"), and completed the industrial and commercial registration of the 100% equity transfer to Fujian Min-Ga on March 30, 2026.