Tongxing Environmental Protection Technology (003027.SZ) plans to acquire 100% equity of its subsidiary, Ma'anshan Haosheng.

Tongxing Environmental Protection Technology (003027.SZ) announced that the company and its holding subsidiary, Tongxing Haosheng (Yibin) New Energy Technology Co., Ltd. ("Tongxing Haosheng"), have signed a share transfer agreement to acquire 100% equity of Ma'anshan Haosheng New Energy Technology Co., Ltd. ("Ma'anshan Haosheng") at an evaluated value of 19.4931 million yuan. The announcement stated that this equity acquisition is an important strategic layout in the company's development plan, which will help in the overall planning and development of the 180-acre land in Hanshan, Anhui, and solidify the foundation of the industrial layout.