Zhixin Finance and Economics APP News, Chengbang Ecoenvironment (603316.SH) announced that, in order to optimize its business structure, develop new high-quality productive forces, and obtain new profit growth points, the company signed a "Capital Cooperation Framework Agreement" with the actual controller Wen Yu, the registered shareholder Ziying Hua, and Zhixin Technology on September 19, 2024. The parties have reached a preliminary intention on the company's plan to increase its capital by no more than 58 million yuan in cash to acquire 51% equity of Zhixin Technology. After the completion of this transaction, the company is expected to achieve the financial consolidation of Zhixin Technology.

In recent years, the company's main business of ecological environment construction has encountered significant challenges due to various factors. The development strategy formulated by the company is to steadily develop its original ecological environment construction business and plans to enter the "new infrastructure" and "specialized, refined, unique, and innovative" related industries with high technological content and relatively good cash flow through investment and acquisition, while continuously optimizing its business structure to enhance its industry position and core competitiveness.

While the company is developing its original ecological environment construction business, it also hopes to acquire 51% equity of Zhixin Technology through this capital increase, develop new high-quality productive forces, obtain new profit growth points, and enhance the profitability of the listed company. Therefore, the planned capital cooperation is based on the long-term development strategy of the company, in line with the long-term planning and the interests of all shareholders, and will have a positive impact on the future growth of the main business. The formal capital increase agreement for this capital cooperation has not been signed yet, and the performance of this "Capital Cooperation Framework Agreement" will not have a significant impact on the company's performance before the formal capital increase agreement is signed and effective.