Ice Wheel Environmental announced that the company signed the “Equity Transfer Agreement” on September 8, 2026 to acquire 45% of Yantai Mingxiang's shares through an agreed transfer at a transaction price of 703 million yuan, including 30% of Yantai Guofeng's shares and 15% of Yantai Hehong's shares. The relevant bill has been reviewed and passed by the board of directors, and still needs to be submitted to the shareholders' meeting for review and approval and implementation of relevant state-owned assets supervision procedures.

Ice Wheel Environmental announced that the company signed the “Equity Transfer Agreement” on September 8, 2026 to acquire 45% of Yantai Mingxiang's shares through an agreed transfer at a transaction price of 703 million yuan, including 30% of Yantai Guofeng's shares and 15% of Yantai Hehong's shares. The relevant bill has been reviewed and passed by the board of directors, and still needs to be submitted to the shareholders' meeting for review and approval and implementation of relevant state-owned assets supervision procedures.