Huaguang Huaneng announced that Guolian Environmental Technology, the holding subsidiary of the company, plans to transfer 100% of its shares in Wuxi Huilian Green Ecological Technology Co., Ltd. to Guolian Industrial, a wholly-owned subsidiary of the controlling shareholder, at a transfer price of 134.345 million yuan. The pricing is based on the assessed value of net assets with a valuation value of 0.31% as the evaluation reference date. This transaction constitutes a related transaction, does not constitute a major asset restructuring, and does not need to be submitted to the shareholders' meeting for consideration. At the same time as the equity transfer, Guolian Industrial will pay off all operating loans to the company and Guolian Environmental Technology with the target company totaling 428 million yuan in principal and interest. The transaction still needs to complete procedures such as equity settlement and registration of industrial and commercial changes, and there is some uncertainty.

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