Hangzhou Dadi Haiyang Environmental Protection (301068.SZ) plans to acquire all the equity of Weiliya Hangzhou to enhance its ability to dismantle discarded electrical and electronic products.

Hangzhou Dadi Haiyang Environmental Protection (301068.SZ) announcement, the company plans to use its own funds or self-raised funds of 40 million yuan to acquire 67.0408% equity of Weiliya Resource Recycling (Hangzhou) Co., Ltd. (referred to as "Weiliya Hangzhou") held by Weiliya China Holdings Co., Ltd. (referred to as "Weiliya China"), and plans to use its own funds or self-raised funds of 19.6652 million yuan to acquire 32.9592% equity of Weiliya Hangzhou held by Hangzhou Dadi Environmental Protection Co., Ltd. (referred to as "Dadi Environmental Protection"). After the transaction is completed, Weiliya Hangzhou will become a wholly-owned subsidiary of the company. The announcement shows that the target company is a professional resource recycling enterprise specializing in the dismantling and recycling of waste electrical and electronic products. It is one of only 5 companies in Zhejiang Province with qualification certificates for processing waste electrical and electronic products such as waste televisions, refrigerators, air conditioners, washing machines, and microcomputers. Its dismantling capacity is 3.5232 million units per year, with 9 dismantling lines including 3 lines for waste televisions and microcomputers, and 1 line each for waste refrigerators, washing machines, air conditioners, and monitors. It can dismantle waste electrical and electronic products such as televisions, refrigerators, air conditioners, washing machines, computers, printers, water heaters, and mobile phones, and recycle resources such as iron, aluminum, copper, glass, plastic, and other rare metals contained in the products. The acquisition of the target company can significantly enhance the company's dismantling capacity for waste electrical and electronic products, reduce potential competitive risks, strengthen resource integration, increase market share, expand dismantling scale, and consolidate the company's market position in the industry.