Grandtop Yongxing Group (601033.SH) plans to acquire 41% equity of Jiejing Company for 330 million yuan, deepening synergies.

Grandtop Yongxing Group (601033.SH) announced that the company plans to acquire 41.00% equity of Xinzhou Jiejinfadian Co., Ltd. (referred to as "Jiejin Company") with cash of 330 million yuan. After the completion of the transaction, the company's shareholding in Jiejin Company will increase from 49.00% to 90.00%, and it will be included in the consolidated financial statements. The announcement showed that Jiejin Company was established in January 2009, and operates Xinzhou Municipal Solid Waste Comprehensive Disposal Industrial Park, adopting a circular economy industrial park model. Its business includes waste incineration (designed processing capacity of 2600 tons/day, already in operation), food waste disposal (designed processing capacity of 200 tons/day, already in operation), sludge harmless disposal (designed processing capacity of 200 tons/day, already in operation), centralized steam and heat supply, and photovoltaic power generation (100MW under construction). The announcement stated that after the completion of this acquisition, the company will be able to fully leverage its own operational management and resource integration advantages, deepen synergy with Jiejin Company, improve Jiejin Company's operational capacity and production efficiency, enhance Jiejin Company's profit capability and the company's return on investment.