Energy Saving Tiehan announced that the company plans to sell assets and liabilities other than reserved 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. The above matters constitute a major asset restructuring and related transaction. As of the disclosure date of the announcement, the company is in the process of filing an evaluation report on the assets to be sold and purchased, and is in continuous communication with the relevant parties. Factors such as the transaction price and scope of the target have not yet been finalized, and the relevant parties have yet to sign the transaction documents. The restructuring still needs to go through the decision approval process, and there is significant uncertainty.

Energy Saving Tiehan announced that the company plans to sell assets and liabilities other than reserved 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. The above matters constitute a major asset restructuring and related transaction. As of the disclosure date of the announcement, the company is in the process of filing an evaluation report on the assets to be sold and purchased, and is in continuous communication with the relevant parties. Factors such as the transaction price and scope of the target have not yet been finalized, and the relevant parties have yet to sign the transaction documents. The restructuring still needs to go through the decision approval process, and there is significant uncertainty.