Meineng Energy: Completed the industrial and commercial change by acquiring 90% equity of Shanghai Licheng for 73.95 million yuan.

announced that the company had acquired 90% equity of Shanghai Licheng previously held by Meinen Investment for a transaction price of 73.9578 million yuan. After approval by the shareholders' meeting, the company has paid the first installment of the equity transfer payment of 22.1873 million yuan, which is 30% of the transaction price. Recently, Shanghai Licheng completed the industrial and commercial change registration, and the equity structure changed to the company holding 90% and Shanghai Licheng jointly creating enterprise management partnership holding 10%. The transaction has been completed, Shanghai Licheng has been included in the company's consolidated financial statements, and the company will pay the second installment of the equity transfer payment in the future.