336 million yuan! Jinyu Jidong Intends to Acquire 21% Equity of Jinyu Concrete Group

26, Jinyu Jidong issued an announcement.

In order to fully promote industrial transformation and upgrading, accelerate the construction of an integrated operation pattern of "cement + aggregate + concrete", give full play to the synergistic effect of the whole industrial chain, and further consolidate the leading position of Jinyu Jidong Cement Group Co., Ltd. The company acquired 6% equity of Jinyu Concrete Group Co., Ltd. from Beijing Jinyu Group Co., Ltd. and 15% equity of Jinyu Concrete Group Co., Ltd. from Jidong Development Group Co., Ltd. and signed the Equity Transfer Agreement. After the completion of this

transaction, the company holds 51% of the equity of Concrete Group, which becomes the holding subsidiary of the company and is included in the scope of the company's consolidated statements. The pricing of this

transaction is based on the results of professional evaluation. After evaluation, the evaluation value of 100% shareholders'equity of Concrete Group is 1.603 billion yuan, which has been put on record for the evaluation of state-owned assets. Accordingly, the price of 6% equity is 96.1521 million yuan and the price of 15% equity is 240 million yuan.