Tongyi Low Carbon completes Changyuan water equity transfer

Tongyi Low Carbon Technology (Xinjiang) Co., Ltd. (SSE:600506) announced that its controlling shareholder, Shenzhen Jianxin Investment Development Co., Ltd., has completed the transfer of its 51% stake in Xinjiang Changyuan Water Group Co., Ltd. to China Water Investment Group Co., Ltd. The transfer, initially disclosed in July 2024, involved the indirect transfer of 17,286,227 shares of Tongyi Low Carbon Technology, representing 9% of the total share capital, held through Changyuan Water's subsidiary Xinjiang Rongsheng Investment Co., Ltd. All contractual obligations, including payment of the equity transfer price, employee resettlement, and debt transfer, have been fulfilled. Changyuan Water has completed the necessary industrial and commercial registration procedures, and relevant industrial and commercial information has been updated accordingly.