Stock Code: 301288 Stock Abbreviation: *ST Qingyan Announcement No.: 2026-006
Qingyan Environmental Technology Co., Ltd. Announcement on Investing in Equity Acquisition
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
I. Overview of the Transaction
To accelerate the implementation of Qingyan Environmental Technology Co., Ltd.'s ("Company") "new partner" strategy and to explore new application scenarios, the Company intends to use its own funds or funds raised to purchase 51% of the equity of Sichuan Zhengmai Times Environmental Technology Co., Ltd. ("Target Company") (hereinafter referred to as "Target Equity") for RMB 36.95148 million. The Target Company is an environmental protection enterprise primarily engaged in the comprehensive treatment and utilization of oil-based drilling cuttings and spent activated carbon. Upon completion of this equity acquisition, the Company's business scope will further penetrate into the field of hazardous waste resource utilization.
This transaction does not constitute a related party transaction, nor does it constitute a major asset restructuring as stipulated by the "Administrative Measures for Major Asset Restructuring of Listed Companies."
On March 9, 2026, the Company held the nineteenth meeting of the second session of the Board of Directors, which, by an 8-vote approval, 0 votes against, and 0 abstentions, deliberated and approved the "Proposal on Investing in Equity Acquisition." The proposal agreed to the Company's acquisition of 51% of the Target Company's equity. According to the "Listing Rules of the Shenzhen Stock Exchange for GEM Stocks" and the "Articles of Association," this transaction does not require submission to the Company's shareholders' meeting for deliberation.
II. Basic Information of the Transaction Counterparties