Lanpec plans to acquire 100% equity of Lanya Testing and 51% equity of China Air Separation

According to the Zhitong Finance APP, Lanpec (601798.SH) announced that the company plans to acquire 100% equity of Shanghai Lanya Petrochemical Equipment Testing Co., Ltd. (referred to as "Lanya Testing") and 51% equity of China Air Separation Engineering Co., Ltd. (referred to as "China Air Separation") held by China Pudong Mechanical Industry Co., Ltd. (referred to as "China Pudong") in cash. The "Equity Transfer Intent Agreement" (referred to as "Intent Agreement") signed between the company and the counterparty is a framework agreement of intent, and the specific transaction plan and related transaction terms shall be subject to the formal agreement signed by both parties.

This transaction is a cash transaction and does not involve the issuance of shares, which will not affect the equity structure of the listed company. By implementing this specialized integration, it is beneficial for the company to strengthen its management capabilities, enrich its talent team, and form an overall solution capability in the energy equipment field of "design-manufacturing-construction general contracting-operation and maintenance and testing services," further enhancing the company's core competitive advantages, which aligns with the interests of the company and minority shareholders