CSG Energy: Plans to publicly list and transfer 51% equity of Hezhou Company

CSG Energy announced that the company plans to publicly transfer 51% of its equity in Hezhou Company through the Beijing Equity Exchange, with a transfer base price not lower than the equity's corresponding appraisal value of 160 million yuan. Hezhou Company was established in 2021 with a registered capital of 194 million yuan. Recent financial data for the past year shows that by the end of 2024, total assets will be 601 million yuan, total liabilities will be 373 million yuan, and owner's equity will be 228 million yuan; the operating income for 2024 is expected to be 73.055 million yuan, with a net profit of 27.839 million yuan. This equity transfer is beneficial for the company to focus on strategic transformation, promote business structure optimization, and improve development quality