Energy Saving Tiehan announced that the company plans major asset restructuring and related transactions, plans to sell assets and liabilities other than retained assets and liabilities to China Energy Conservation Group or other market players, and also plans to purchase controlling interests in Jinghe Technology and Qiyuan Equipment through cash payments. As of the disclosure date of the announcement, the company is proceeding with the audit, evaluation and due diligence work, etc., and some progress has been made in communicating with the relevant parties. The final transaction price will be determined through negotiations based on the assessed values filed by the competent state-owned assets supervisory authority. Factors such as the scope of the underlying assets, transaction price, and implementation path have not yet been finalized, and the relevant parties have not signed the transaction documents. There is still significant uncertainty about this restructuring, and the company will fulfill its information disclosure obligations in accordance with regulations.

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