Hongcheng Environmental Technology Company Limited has provided a supplemental update regarding its acquisition of a target company. The total consideration for the acquisition is RMB71,170,000, representing an approximately 8.2% discount to the appraised equity value of RMB77,515,900 as of 31 December 2025. The consideration was determined based on the audited net asset value of the target company, the appraised value of its equity excluding certain demerged assets, and the long-term strategic benefits of the acquisition. The valuation was conducted by an independent valuer using an asset-based approach, as there were no suitable comparable companies or transactions in the domestic market. The board considers the terms of the acquisition to be fair and reasonable.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hongcheng Environmental Technology Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260209-12019762), on February 09, 2026, and is solely responsible for the information contained therein.