ST QHHD: The controlling subsidiary Mangya Yuanxin Energy plans to acquire 51% equity of Ruoqiang Yuanxin Energy for 4.2211 million yuan

*ST QHHD announced that its holding subsidiary Mangya Yuanxin Energy Co., Ltd. intends to acquire 51% equity of Ruoqiang Yuanxin Energy Co., Ltd. held by Xinjiang Qingyuan Industrial Group Co., Ltd. for cash of 4.2211 million yuan. This transaction constitutes a related party transaction but does not constitute a major asset reorganization. After the transaction is completed, Ruoqiang Yuanxin Energy will become a holding subsidiary of Mangya Yuanxin Energy, which will appoint 2 directors to the board of directors of Ruoqiang Yuanxin Energy and assign financial personnel to serve as the financial head of Ruoqiang Yuanxin Energy