Qibin Group (601636.SH) announced on November 5th that the company plans to acquire 28.78% equity of its holding subsidiary Qibin Guangneng by issuing shares. As of the date of this summary, the audit and evaluation of the target company have not been completed, and the evaluation value of the target assets and the transaction price have not been determined.

The target company of this share issuance to purchase assets is Hunan Qibin Guangneng Technology Co., Ltd., a subsidiary controlled by a listed company. Qibin Guangneng's main business is the research, production, processing, and sales of photovoltaic glass.

This share issuance to purchase a minority stake in Qibin Guangneng will help to further strengthen the equity management and corporate governance of the listed company, enhance development confidence, focus on core areas, highlight main responsibilities and core businesses, optimize the positioning of the photovoltaic glass industry layout, continuously promote the growth and strength of the photovoltaic glass industry, fully implement the company's strategic planning; it will further enhance the listed company's control over Qibin Guangneng, improve the production operation and strategic decision-making efficiency of Qibin Guangneng, enhance the resource synergy and sharing among various business sectors and entities within the listed company system, strengthen the overall risk resistance and sustainable development capabilities of the company; and it will enhance the direct connection between employees and the growth of the listed company, improve team cohesion, and continuously build an efficient, stable, and competitive talent team.