Shenwu Environmental Technology Co., Ltd. (SZSE:300156) plans to acquire Beijing Huafu Shenwu Industrial Furnace Co., Ltd. from Beijing Shenwu Environment & Energy Technology Corp. for CNY 1.9 billion in stock on January 26, 2015. Consideration will be paid through issue of 115.3 million shares of Shenwu Environmental Technology Co., Ltd. at the price of CNY 16.22 to Beijing Shenwu Environment & Energy Technology Corp. Upon completion, Beijing Huafu Shenwu Industrial Furnace Co., Ltd. will become a wholly owned subsidiary. Beijing Huafu Shenwu Industrial Furnace Co., Ltd. had revenues of CNY 611.88 million, total assets of CNY 582.10 million, EBIT of CNY 138.79 million, net profit of CNY 119.25 million and net assets of CNY 192.91 million for the period ending December 31, 2014. The Board of Directors of Shenwu Environmental Technology Co., Ltd. approved the transaction on January 26, 2015. Shareholders of Shenwu Environmental Technology Co., Ltd. approved the transaction on February 13, 2015. On July 2, 2015, CSRC approved the transaction.

China Merchants Securities Co., Limited (SHSE:600999) acted as the financial advisor, Beijing Xinghe Law Firm acted as the legal advisor and Daxin Certified Public Accountants Co., Ltd. acted as the accountant to Shenwu Environmental Technology Co.

Shenwu Environmental Technology Co., Ltd. (SZSE:300156) completed the acquisition of Beijing Huafu Shenwu Industrial Furnace Co., Ltd. from Beijing Shenwu Environment & Energy Technology Corp. on July 6, 2015. The Changping branch of the Beijing Municipal Administration for Industry and Commerce approved the change of shareholder for Beijing Huafu Shenwu Industrial Furnace Co., Ltd.