Remote Co., Ltd.: Plans to acquire control of a materials company in the clean energy sector for no more than RMB 500 million.
Yuancheng Shares announced during the midday break that the company is recently planning to acquire control of an enterprise using self-raised funds. The target company is mainly engaged in the research and development, production, and sales of materials in the clean energy sector. The company intends to contribute no more than RMB 500 million to participate in this transaction, and the expected equity stake to be acquired in the target company ranges from 30% to 50%. Based on preliminary estimates, this transaction does not constitute a major asset restructuring. This transaction is not expected to have an impact on the company's operating performance for the 2026 fiscal year.
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