Ruchen Environmental Protection: Plans to contribute RMB 20.25 million to establish a joint venture company and related-party transaction

Ruichen Environmental Protection announced that the company plans to jointly contribute capital with Beijing Xici New Energy Technology Co., Ltd. and Wang Hanze to establish a joint venture with a registered capital of 45 million yuan. The company will subscribe 20.25 million yuan, accounting for a 45% stake; Wang Hanze is the company's board secretary, and this transaction constitutes a related-party transaction. The matter has been reviewed and approved by the company's board of directors and does not need to be submitted to the shareholders' meeting for review.