Moon Environment Technology Co.,Ltd. (SZSE:000811) agreed to acquire Yantai Moon Group Co., Ltd. from Yantai Guofeng Investment Holdings Groups Co.,Ltd and Yantai Yuanhong Industrial Co., Ltd. for CNY130 million on April 25, 2024. The consideration consists of CNY 133.5 million in cash. As part of the consideration, CNY 133.5 million was paid towards common equity.

This transaction was approved in the Moon Environment Technology Co.,Ltd. (SZSE:000811) 2nd independent directors? special meeting in 2024 and board of directors held on April 25, 2024. As on April 26, 2024 Moon Environment Technology Co.,Ltd. signed equity transfer agreement with Yantai Guofeng Investment Holdings Groups Co.,Ltd and Yantai Yuanhong Industrial Co., Ltd. to acquire Yantai Moon Group Co