Zhongyuan Environmental Protection transferred 49% of the equity in its subsidiary Xinsheng Company to Lifengyuan Company through public listing, at a transfer price of 980,000 yuan. The wholly-owned subsidiary of Zhongyuan Environmental Protection, Zhengzhou Xinhong Reclaimed Water Resources Development and Utilization Company, had previously obtained board approval to publicly list 49% of the equity in its wholly-owned subsidiary Henan Xinsheng Energy Technology Development Company through the Henan Property Rights Trading Center, with a listing base price of 980,000 yuan. Information disclosure for this listing ran from August 31, 2026 to September 28, 2026. During the listing period, one qualified intended transferee, Henan Lifengyuan New Energy Company, was identified and confirmed as the transferee in accordance with relevant property rights trading rules, and the two parties have signed a property rights transaction contract. Lifengyuan Company was established on February 11, 2026, with Cao Chuang as its legal representative, and has no related-party relationship with Zhongyuan Environmental Protection or its top ten shareholders. Xinsheng Company was established on July 8, 2026, focusing on reclaimed water, geothermal energy, air-source clean energy utilization, and integrated energy services. This transaction aims to optimize its investment structure and introduce external social partners to accelerate the development of clean energy markets such as geothermal energy. Zhongyuan Environmental Protection stated that this transaction will not have a material impact on the company's financial position or operating results.
Central Plains Environment Protection Co LtdZhongyuan Environmental Protection sells 49% of Xinsheng subsidiary for 980,000 yuan to introduce an external partner, a minor divestment it says won't materially affect finances.
Henan Lifengyuan New Energy is the transferee acquiring 49% of Xinsheng Company for 980,000 yuan, a small stake purchase with no stated financial impact.
