According to the Zhitong Finance and Economics APP, Jiangsu Jingyuan Environmental Protection Co., Ltd. (688096.SH) announced that the company's controlling shareholder, actual controller Li Wulin, and their concerted action parties entered into a 'Stock Transfer Agreement' with Zhang Jinsheng on September 27, 2024. Li Wulin and their concerted action parties plan to transfer 8.4 million shares directly held by them to Zhang Jinsheng through an agreement, accounting for 5.51% of the company's total share capital; the price of this share transfer is RMB 5.10 per share.

It is reported that in order to further deepen and expand the company's presence in the smart environmental protection field, the company officially appointed Zhang Jinsheng as the General Manager of its wholly-owned subsidiary, Nantong Jingyuan Cloud Computing Technology Co., Ltd., in June 2024. He will be fully responsible for the research and development, business expansion, and team building in the company's artificial intelligence direction. Zhang Jinsheng has nearly 20 years of experience in the IT field, working for leading companies in the industry, possessing rich development and management experience, and establishing deep cooperative relationships with multiple cloud computing solution providers.

The agreement for this transaction stipulates that from the date of Zhang Jinsheng's employment for two years, he should lead the team to achieve the following performance indicators: 1) Help the company obtain no fewer than 2 intellectual property rights related to AI in water treatment; 2) Complete no fewer than 2 pre-training large models related to water treatment; 3) The newly added revenue from smart operation and cloud computing services should not be less than 0.1 billion yuan or the new net income should not be less than 10 million yuan.