But'one Information Corporation,Xi'an (SHSE:600455) entered into an agreement to acquire 55% stake in Shaanxi Yuteng Energy Environmental Protection Technology Co., Ltd. from Shaanxi Juli Yongcheng Enterprise Management Partnership (Limited Partnership), Shaanxi Borui Yongxin Enterprise Management Partnership (Limited Partnership), Shaanxi Yuteng New Industrial Technology Development Group Co., Ltd., Chen Liqun and Wang Guoqing for approximately CNY 300 million on May 30, 2023. Under the terms of agreement, the transaction price of 55% shares of the Shaanxi Yuteng Energy Environmental Protection Technology is CNY 297 million, including cash payment of CNY 108.405 million and share payment of CNY 188.595 million by issuance of 10,139,516 shares with a lock up period of 12 months. The cash price will be sourced from a private placement transaction. But'one Information Corporation,Xi'an. had previously held the 17th meeting of the seventh board of directors on July 28, 2023, and reviewed and approved. The transaction is subject to approval general meeting of shareholders of But'one Information and approval by the Shanghai Stock Exchange and registration by the China Securities Regulatory Commission. As of August 18, 2023, the transaction is approved by the shareholders of But'one Information.

Li Gang, Liu Yanling, Lin Xinlong, Yin Kun, Zhang Xinyue and Ma Qiang of Kaiyuan Securities Co., Ltd. acted as financial advisor to But'one Information Corporation. Zhu Xiaohui Wu Guanxiong, Han Xukun and Zhang Shuli of Tian Yuan Law Firm acted as legal advisor to But'one Information Corporation. Wang Zengming, Wang Fengge and Zhou Pei of China Audit Asia Pacific Certified Public Accountants Co., Ltd. acted as accountant to But'one Information Corporation.

But'one Information Corporation,Xi'an (SHSE:600455) cancelled the acquisition of 55% stake in Shaanxi Yuteng Energy Environmental Protection Technology Co., Ltd. from Shaanxi Juli Yongcheng Enterprise Management Partnership (Limited Partnership), Shaanxi Borui Yongxin Enterprise Management Partnership (Limited Partnership), Shaanxi Yuteng New Industrial Technology Development Group Co., Ltd., Chen Liqun and Wang Guoqing on February 28, 2024.