Beijing GeoEnviron Engineering & Technology, Inc. (603588.SH) plans to jointly acquire equity in a mining company with affiliated parties.

Beijing GeoEnviron Engineering & Technology, Inc. (603588.SH) announced that in order to further extend the company's industrial chain of solid waste and hazardous waste resource utilization, and to establish the company's presence in the mining industry, the company plans to jointly invest in the acquisition of 59% equity of Huaihua Tianyuan Mining Co., Ltd. (referred to as "Tianyuan Company") held by Huaihua Tianxin Mining Co., Ltd. (referred to as "Tianxin Company") , 59% equity of Huaihua Yueping Mining Co., Ltd. (referred to as "Yueping Company"), and 59% equity of Huaihua Ruiyue Mining Co., Ltd. (referred to as "Ruiyue Company") with Mr. Li Luxiang, a natural person, and the affiliated Huaihua Yunfeng Mining Partnership Enterprise (Limited Partnership) (referred to as "Huaihua Yunfeng") after friendly negotiations. The total amount of the equity transfer transaction is 82.6 million yuan. After the completion of this transaction, the company will acquire 45.2% equity of each of the three companies, with a total transaction amount of 63.28 million yuan; natural person Li Luxiang will acquire 10% equity of each of the three companies, with a total transaction amount of 14 million yuan; affiliated Huaihua Yunfeng will acquire 3.8% equity of each of the three companies, with a total transaction amount of 5.32 million yuan.