Moon Environment Technology (000811.SZ) plans to acquire 45% of Yantai Mingxiang's equity for 703 million yuan, which will indirectly control Yantai Ishikawa Sealing Technology.

Moon Environment Technology (000811.SZ) announced that on September 8, 2026, it signed a Share Transfer Agreement with Yantai Guofeng Investment Holding Group Co., Ltd. (referred to as "Yantai Guofeng") and Yantai Hehong Investment Co., Ltd. (referred to as "Yantai Hehong"). The company intends to acquire 45% of the equity of Yantai Mingxiang Holding Co., Ltd. (referred to as "Yantai Mingxiang") through a negotiated transfer, with a transaction price of 703 million yuan. This includes the acquisition of 30% equity held by Yantai Guofeng for a transaction price of 468 million yuan, and 15% equity held by Yantai Hehong for a transaction price of 234 million yuan. The acquisition funds will come from the company's own funds. It is reported that Yantai Mingxiang holds 47.93% of the equity of Yantai Ishikawa Sealing Technology Co., Ltd. (referred to as "Yantai Ishikawa Sealing Technology"), making it the controlling shareholder of Yantai Ishikawa Sealing Technology. Upon completion of the transaction, the company and its controlling shareholder Yantai Guofeng will hold 45% and 22% of Yantai Mingxiang's equity, respectively, collectively holding 67% of Yantai Mingxiang's equity, thereby gaining control over Yantai Mingxiang and indirectly controlling Yantai Ishikawa Sealing Technology. The company has certain business synergies with Yantai Ishikawa Sealing Technology, and this transaction will help the company improve its industrial layout, expand its asset scale, further enhance the sustained profitability and risk resistance capabilities of both companies, increase overall value, and achieve maximum shareholder value. Upon completion of the transaction, Yantai Mingxiang will be included in the company's consolidated financial statements.