According to Zhito Finance APP, Shanyu Group Holdings (08245) announced that on December 4, 2024, the company through its wholly-owned subsidiary Joy Ultima Holdings Limited acquired 60% of the issued share capital of Enyi International Development Limited from Mr. Huang Wei Quan for a total consideration of 0.05 million Hong Kong dollars, with the consideration being funded by the group’s internal resources. After the acquisition is completed, Enyi will be held 60% by the company and 40% by a third party.

It is reported that Enyi specializes in providing one-stop internet of things and environmental, social and governance (esg) solutions focused on energy saving and emission reduction, developing and offering comprehensive energy management systems that provide a full set of tools and platforms to measure, manage, report, and analyze the collected data. As a one-stop internet of things and esg solutions provider, Enyi offers comprehensive support to clients, including providing hardware, installation and maintenance, as well as software and hardware optimization management, ensuring the delivery of high-quality and sustainable services to clients.

The board of directors believes that due to the widespread demand for digital transformation across various industries, the company entering the customized internet of things solutions sector at a time when such solutions are becoming popular will benefit the company by seizing emerging business opportunities and diversifying its business and risks. As various industries increasingly emphasize addressing esg issues, the company also hopes to apply energy management systems in the production processes of the group’s products to save costs and improve sustainable business models. After the completion of the acquisition, the company will enter the internet of things industry and explore the synergy between its existing businesses and Enyi, by integrating internet of things and esg solutions with the group's operations and products to leverage Enyi's competitive advantages; and through establishing partnerships with other third parties, accelerate the expansion of Enyi's energy management solution application scenarios and customer base, in an attempt to identify more potential profit opportunities and projects for the group.