Zhitong Finance App News, Baitong Energy (001376.SZ) announced that Beijing Baitong Hongda Energy Group Co., Ltd. (hereinafter referred to as “Baitong Thermal Power”), a wholly-owned subsidiary of the company, intends to transfer 100% of the shares held by Luo Fangcheng, Ren Ying, Liu Hanlong, Xiong Qiuqiu, and Li Weixian (hereinafter collectively referred to as the “counterparty” or “transferor”) in cash, with a total transfer price of RMB 150 million.

The company's main business is heat production and supply. The target company is a centralized heating franchise enterprise in Jijiashan Industrial Park in Heshan District, Hebi City, and is the implementing entity of the steam network project from the Fenghe Power Plant to the Jijiashan Industrial Park. After the acquisition, the company will continue to guarantee the park's stable steam supply through outsourced steam. This transaction is in line with the company's development strategy, helps the company expand the regional heating market, improve its business layout, obtain centralized heating franchises and pipeline network resources, and form a collaboration with the company's existing heating business, which is conducive to enhancing the company's overall competitiveness and sustainable operation capability, and conforms to the interests of the company and all shareholders.

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