Beijing Environment Holding Group (00154.HK) announced that the group plans to transfer its 51% stake in its targeted company (Beijing North Control Ecological Construction Group Co., Ltd.) through public listing. During the initial information disclosure period from March 25, 2024 to April 22, 2024 in the BSE, no intentioned transferee was collected. According to the trading rules of BSE, the transferor has gradually reduced the transfer price of the targeted equity in stages. Hainan Gerun Investment Co., Ltd. ("Hainan Gerun") became the only intentioned transferee and undertook the transfer base price of RMB 41,488,110 on June 7, 2024. On June 11, 2024, it was confirmed by BSE as the transferee and signed a property transaction contract with the transferor (North Control Environmental Group Co., Ltd., an indirect wholly-owned subsidiary of the company) on the date of this announcement, and completed the payment of RMB 41,488,110 to BSE for the transaction price.

Hainan Gerun is a limited company established in China, mainly engaged in commercial services. The effective shareholders are Chinese residents Du Jun, Zhang Rui, Zhang Wei, and Yang Lanyun, holding 36%, 24%, 20%, and 20% of the shares respectively. Du Jun and Yang Lanyun are relatives of Ms. Yang.