Zhitong Finance App News, Peking University Resources (00618) issued an announcement. On July 29, 2026 (after the transaction period), CCO Management and Subparty Hong Kong (all subsidiaries of the Company) have signed an equity transfer agreement with Seller A, Seller B and Target Company 1. CCO Management has agreed to buy and Seller A has agreed to sell about 51% of the target company's shares at a cost of US$2.126,700, while Subsider Hong Kong has agreed to buy and Seller B has agreed to sell about 49% of the target company's shares at a cost of US$2.123,34,300; and SCO Management has worked with Seller C and Target Company 2 entered into an equity transfer agreement 2. CCO Management has agreed to purchase and Seller C has agreed to sell about 99% of Target Company 2's shares at a cost of US$2.42 million.
After the completion of these acquisitions, Target Company 1 and Target Company 2 will both become subsidiaries of the Company, and their financial results will be comprehensively recorded in the Group's financial statements.
The target company, LN FUTURE BUILDING MATERIALS COMPANY LIMITED, is a company registered in Tanzania. It is a major aluminum profile manufacturer in East Africa, integrating casting, extrusion, surface treatment and quality inspection of diversified high-quality aluminum alloy profiles.
The target company, China BODA TECHNICAL GROUP LIMITED, is a company incorporated in Tanzania. Target Company 2 is mainly engaged in recycling and treatment of waste batteries, as well as the production and sale of recycled lead and lead-acid batteries.
To achieve the Group's strategic goal of sustainable development, the Group has been actively seeking new business opportunities to diversify and broaden the Group's revenue streams and create significant returns and long-term value for shareholders. In view of the financial performance and prospects of Target Company 1 and Target Company 2, the directors believe that these acquisitions provide a good opportunity for the Group to use its available capital to enter new businesses to diversify revenue sources, and that the potential business growth of Target Company 1 and Target Company 2 can bring considerable returns to the Group.