Yutian Industrial (01596.HK) may enter into a memorandum of understanding for the acquisition of electricity trading business.

Zhijing Finance and Economics APP News, Yichen Industrial (01596.HK) announced that on August 6, 2025, the group (as a potential buyer) entered into a memorandum of understanding with certain registered shareholders of a company established in the People's Republic of China (target company) regarding the possible purchase of equity in the target company. The target company is mainly engaged in the electricity trading business in Gaocheng District, Shijiazhuang City, Hebei Province, China, and its subsidiary companies are mainly engaged in electricity supply and construction businesses. The potential sellers include individuals who are majority shareholders of the company.