CECEP Techand Ecology&Environment Co.,Ltd. (SZSE:300197) agreed to acquire a 72.60% stake in China Energy Conservation DADI (Hangzhou) Environmental Remediation Co., Ltd. on April 23, 2023. Consideration will be paid in cash and new shares the CECEP Techand Ecology&Environment will issue at CNY 1.95 per share. Transaction is subject to approval of CECEP Techand Ecology&Environment's shareholders, Shenzhen Stock Exchange, The CSRC's Approval.

Transaction is approved by CECEP Techand Ecology&Environment's board.