Energy-saving Iron Man: planning a major asset restructuring and intending to purchase controlling stakes in two companies with cash.

Energy-saving Iron Man announced that the company is planning a major asset restructuring and related transactions, intending to purchase a controlling stake in Jinghe Technology and Qiyuan Equipment in cash. Jinghe Technology has a registered capital of 125 million yuan, with business including road lighting contract energy management, etc.; Qiyuan Equipment has a registered capital of 118 million yuan, mainly engaged in research and development, production, and sales. The specific plan of the transaction, the valuation of the target assets, etc. have not been determined, the parties to the transaction have not signed a letter of intent, and necessary decision-making and approval procedures need to be completed, there are uncertainties.