Ningbo Meishan Bonded Port Area Jingcheng Venture Capital Partnership (limited partnership) intends to acquire 3% stake in Zhejiang Cosin Solar Technology Co., Ltd. from Xizi Clean Energy Equipment Manufacturing Co., Ltd. (SZSE:002534) and Jin Jianxiang for CNY 114.1 million on December 5, 2022. The Xizi Clean Energy Equipment Manufacturing and the Ningbo Meishan Bonded Port Area Jingcheng agree that the target shares will be transferred at a price of 14 per share 6.65 million shares, and the total price of this share transfer is CNY 93.1 million. The Xizi Clean Energy Equipment Manufacturing and the Jin Jianxiang agree that the target shares will be transferred at the price of 14 per share 1.5 million million shares, and the total price of this share transfer is CNY 21 million. As of December 31, 2021, Zhejiang Cosin Solar Technology Co., Ltd. , Total Assets of CNY 969.14572 million, Operating Income of CNY 4.110314 million, Net Income of CNY 4.279587 million, Net Assets of CNY 811.364126 million.
The Xizi Clean Energy Equipment Manufacturing is obliged to urge the Zhejiang Cosin Solar Technology to complete the industrial and commercial filing procedures before December 31, 2022 after signing the agreement, and the Ningbo Meishan Bonded Port Area Jingcheng must complete the payment of 51% of the first transfer payment.