Xinzhu Co., Ltd. announced that the company disclosed a summary of the report on the sale of assets, issuance of shares and payment of cash to purchase assets and raise supporting capital and related transactions. The transaction proposed to place 60% of the assets in Shudao Clean Energy had transaction consideration of 5.603 billion yuan, and the transaction consideration for the proposed sale of assets was 1,455 billion yuan. After the transaction was completed, the controlling shareholder of the company was still Shudao Group, and the actual controller was still the Sichuan Provincial State-owned Assets Administration Commission. The transaction has been approved by the Sichuan Provincial State-owned Assets Administration Commission. It is still subject to review and approval by the Shenzhen Stock Exchange and the approval of the China Securities Regulatory Commission for registration.

Xinzhu Co., Ltd. announced that the company disclosed a summary of the report on the sale of assets, issuance of shares and payment of cash to purchase assets and raise supporting capital and related transactions. The transaction proposed to place 60% of the assets in Shudao Clean Energy had transaction consideration of 5.603 billion yuan, and the transaction consideration for the proposed sale of assets was 1,455 billion yuan. After the transaction was completed, the controlling shareholder of the company was still Shudao Group, and the actual controller was still the Sichuan Provincial State-owned Assets Administration Commission. The transaction has been approved by the Sichuan Provincial State-owned Assets Administration Commission. It is still subject to review and approval by the Shenzhen Stock Exchange and the approval of the China Securities Regulatory Commission for registration.