What is the relationship between Jiulixu and Juli?

The former was acquired by the latter.

On June 30th, 2022, 65438+February 30th, 2022, the second meeting of the 7th Board of Directors was held, and the Proposal on Assets to be Sold by a wholly-owned subsidiary was reviewed and approved. The company signed the Asset Purchase Agreement with Baoding Jiuliwei Thermal Power Co., Ltd., and Jiuliwei transferred its fixed assets and inventory such as land use right, emission right, above-ground buildings, heating facilities, heating pipe network, heat exchange station, transportation equipment and office equipment to Juli Heating.

This transaction is based on the overall plan of Xu Shui District Government of Baoding City to solve the operation plan of heating station in Xu Shui city, optimize the heating planning layout, rationally allocate heating resources, improve the heating service level, and ensure the warm winter of urban residents and the heat demand of market participants.