Wuhan Tianyuan Group (301127.SZ) subsidiary plans to acquire 100% equity of Jiangsu Kairun Hydrogen Energy to optimize its layout.

Wuhan Tianyuan (301127.SZ) announced that its wholly-owned subsidiary Jiangsu Green East Hydrogen Energy Technology Co., Ltd. ("Jiangsu Hydrogen Technology") intends to acquire 100% of the equity of Jiangsu Kairun Hydrogen Energy Co., Ltd. ("Jiangsu Kairun Hydrogen"), a holding subsidiary of its controlled subsidiary Wuhan Tianyuan Energy Co., Ltd. ("Tianyuan Energy"), for a consideration of 30.49 million yuan. This transaction involves the purchase of assets from the company's wholly-owned subsidiary by the company's controlled subsidiary, which is beneficial for the overall planning and layout optimization of Jiangsu Hydrogen Technology.