CECEP Techand Ecology&Environment Co.,Ltd. announced a private placement to issue common shares on April 23, 2023. The transaction has been approved in the 34th (Extraordinary) Meeting of the Company?s 4th Directorate. The transaction will include participation from not more than 35 investors, including China Energy Conservation and Environmental Protection Group Co., Ltd. The shares China Energy Conservation and Environmental Protection Group Co., Ltd. subscribes to cannot be transferred within 18 months from the issuance closing date and the shares the other investors subscribe to cannot be transferred within 6 months from the issuance closing date. The transaction is subject to 1. Company?s Shareholders? Approval, Shenzhen Stock Exchange?s Approval, CSRC?s Approval and other Necessary Approvals.

On December 11, 2023, the company announced that the application documents have been accepted by the Shenzhen Stock Exchange.
On February 1, 2024, the company announced that the shares of buyer issued this time subscribed by the counterparties shall not be transferred within 36 months from the end of this issuance, including but not limited to public transfer through the securities market or transfer through agreement, however, transfers permitted by applicable law are not subject to this restriction.