Hunan Chendian International Development Co., Ltd. (600969.SH) plans to acquire 100% equity stake of its subsidiary Chengdian Technology.

Hunan Chendian International Development Co., Ltd. (600969.SH) announced that the company plans to acquire 100% equity of Chenxian Technology held by its wholly-owned subsidiary, Chenxian City Water Company, for a price of 51.248 million yuan. After the transfer, the company will hold 100% equity of Chenxian Technology, and Chenxian City Water Company will no longer hold any equity in Chenxian Technology. After this equity adjustment, Chenxian Technology will be incorporated into the management control system of Hunan Chendian International Development Co., Ltd.'s primary subsidiary. It will be managed in accordance with the company's unified governance structure, operational management, performance incentives, and internal control systems, which will help streamline management relationships, improve operational efficiency, and promote the continued healthy development of the company's technology business segment. This equity adjustment will facilitate the integration of internal high-quality resources, concentrate efforts to support Chenxian Technology in its technology research and market expansion, leverage innovation advantages, accelerate the transformation of innovation results into industrialized outcomes, and help the company advance its strategic transformation, nurture new growth poles, and accelerate high-quality transformation and development.