According to Zhitong Finance App News, Shenghui Technology (300423.SZ) announced that the company plans to terminate the original issuance of shares to purchase 85% of the shares of Hepu Energy and Environmental Technology Co., Ltd. (“Hepp Energy” and “target company”) and raise supporting capital, and separately acquire Hepp Energy's shares in cash. Currently, it has signed a “Framework Agreement on Cash Payment for Asset Purchase” with the five original shareholders of Hepp Energy and the target company.

According to reports, due to the adjustment of the market-based reform policy of electricity prices and the fact that the revenue of the wind power project that was officially put into operation online in April 2026 fell sharply from the revenue level of the previous year, Hepp Energy's revenue for the first half of 2026 fell sharply from the revenue level of the previous year, and the power operating assets it holds faced a high risk of depreciation. In order to effectively protect the interests of the company and investors, improve transaction efficiency, and reduce transaction costs, after careful investigation and friendly negotiations with the counterparty, the company decided to terminate the original plan to issue shares to purchase assets and discuss further acquisition of Hepp Energy shares in cash.

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