Leaguer Co-creation sells stake in Qingyan Environmental Technology

From November 3 to November 18, 2025, Shenzhen Leaguer Co-creation Co., Ltd. (Leaguer Co-creation) and Shenzhen Qingyan Venture Capital Co., Ltd. (Qingyan Venture Capital), both wholly-owned subsidiaries of Leaguer Co-creation, cumulatively sold 2.95% of Qingyan Environmental Technology Co., Ltd. shares. The transaction was conducted through centralized bidding and block trading, generating approximately RMB 50 million. This followed a pre-disclosure announcement issued by Qingyan Environmental Technology on October 10, 2025, regarding share reduction by shareholders holding over 5%.

The company's preliminary assessment indicates that this transaction's net profit represents over 10% of the net profit attributable to the parent company's owners in the most recent audited fiscal year, although it is less than 50%. This meets the disclosure standards outlined in Rule 6.1.2 of the Shenzhen Stock Exchange Stock Listing Rules.

As of the announcement date, Leaguer Co-creation and Qingyan Venture Capital still hold 6.07% of Qingyan Environmental Technology Co., Ltd. The share sale adhered to internal approval procedures and has received approval from state-owned asset regulatory bodies. Investors are advised that these figures are preliminary and final results will be subject to the annual audit by an accountant.