CECEP to boost stake in Valiant with up to 730m yuan investment

China Energy Conservation and Environmental Protection Group Co., Ltd. (CECEP), Valiant's controlling shareholder, plans to increase its shareholding in the company. The plan details an acquisition of additional shares worth no less than 365 million yuan and no more than 730 million yuan. This strategic move will occur over a six-month period, from November 24, 2025, to May 23, 2026, through centralized bidding on the Shenzhen Stock Exchange.

The decision stems from CECEP's confidence in Valiant's future development and long-term investment value, aiming to protect investor interests and foster stable growth. As of the plan's announcement, CECEP and its wholly-owned subsidiary, CECEP Capital Holdings Co., Ltd., collectively hold 232,477,317 shares, representing 25.19% of Valiant's current total share capital.

The acquisition will be funded through CECEP's own capital and a specialized stock increase loan from Huaxia Bank Co., Ltd. Beijing Sub-branch. CECEP has committed not to reduce its shareholding during the implementation period and the legally mandated period thereafter.