SHANXI INSTALL (02520) announced that on January 14, 2026, the company, Shanxi Construction Investment Hong Kong, and Shanxi Construction Investment International entered into an equity transfer agreement. Pursuant to this agreement, the company will acquire a total of 70% equity interest in the target company, Shanxi Construction Investment International Investment Co., Ltd., from Shanxi Construction Investment Hong Kong and Shanxi Construction Investment International for a total consideration of RMB 58.55 million. As of the date of this announcement, the company holds a 30% equity stake in the target company; upon completion of this transaction, the target company will become a wholly-owned subsidiary of the company.

The target company is primarily engaged in the investment business for overseas projects. The announcement stated that the acquisition of the target company will significantly enhance the company's comprehensive competitiveness and operational efficiency in the international market. On one hand, the company possesses comprehensive and mature engineering service capabilities, along with a talent pool rich in overseas project experience and management expertise; the target company, meanwhile, has relatively mature management capabilities in areas such as overseas project investment, market development, risk prevention and control, and key client engagement, but lacks construction qualifications and execution capacity.

Following the integration of both parties, their respective strengths can be combined to facilitate the rapid establishment of a full industrial chain overseas project management system for the company in sectors like new energy, chemicals, and industrial mining. This integration is expected to not only enhance profitability but also effectively drive management upgrades, improve risk resilience, and reduce management costs through operational synergy. Currently, both the company and the target company are secondary subsidiaries of Shanxi Construction Investment, requiring separate decision-making procedures for project cooperation; this transaction will substantially reduce redundant processes, enhance decision-making efficiency, and enable quicker capture of overseas market opportunities.

This transaction will help the company build a more international, diversified, and specialized global business system and international brand image. It will further leverage the company's financing and resource advantages as a listed entity, promoting the favorable development of its overseas operations.