Orient Landscape to raise ¥945m via new share issuance to nine investors

Beijing Orient Landscape & Environment Co., Ltd. announced its intention to introduce nine investors to subscribe for 700 million reserved shares at a price of ¥1.35 per share, totaling ¥945m. This initiative, approved by the Beijing No. 1 Intermediate People's Court, aims to support the company's core business development and consolidate its operational foundation. The investment will not alter the company's controlling shareholder or actual controller.

The nine investors, including Tianjin Yunxin Anyuan New Energy Equity Investment Partnership (Limited Partnership) and Tianjin Yunxin Wanying New Energy Equity Investment Partnership (Limited Partnership), will lock in their shares for 24 months from the date of acquisition. The share subscription price of ¥1.35 per share represents 61% of the average trading price over 120 trading days prior to the board meeting, adhering to regulatory requirements and the restructuring plan.

This transaction constitutes a related party transaction for some investors but is not considered a major asset restructuring or reverse merger. It has been approved by the company's Ninth Board of Directors and awaits approval from the shareholders' meeting.