On September 3, 2026, Chuangye Group Holdings (HK:02221) announced its intention to acquire 70% of the shares in Anhui Bo沸点 Environmental Protection Technology Co., Ltd. for 12.775 million yuan. The transaction will be paid in three installments through the issuance of new shares, with a total of approximately 14.8949 million shares issued at an issue price of 1 Hong Kong dollar per share, which is 78.51% higher than the closing price on that day. Anhui Bo沸点 Environmental Protection holds 51% of the shares in Chuzhou Bo沸点 Environmental Protection, and its main business includes the collection, processing, and trading of waste oil. In 2025, the company had revenue of 36.333 million yuan and a net profit of 566,000 yuan, achieving a year-over-year turnaround. This acquisition aims to expand the upstream waste oil resource channel, strengthen the layout of the renewable fuel supply chain, and support the synergy and strategic upgrading of Chuangye Group’s environmental protection business.
On September 3, Chuangye Group Holdings (HK:02221) plans to acquire 70% of the shares in Anhui Boiliao Environmental Technology for 12.775 million yuan. The transaction will be paid in three installments through the issuance of new shares, with a total of approximately 14.8949 million shares issued at a price of 1 Hong Kong dollar, which is 78.51% higher than the closing price on that day. Anhui Boiliao Environmental Technology holds 51% of the shares in Chuzhou Boiliao Environmental Protection, focusing on waste oil collection, processing, and trading. In 2025, its revenue reached 36.333 million yuan, with a net profit of 566,000 yuan, showing a year-over-year improvement from a loss. This acquisition aims to expand upstream waste oil resources and strengthen the layout of renewable fuel supply chains, thereby supporting the synergy and strategic upgrading of the group’s environmental protection business.