Introduction: On October 24, Infore Enviro (SZ.000967) announced that the 49th Meeting of the Review Board for Mergers, Acquisitions and Restructurings of Listed Companies of China Securities Regulatory Commission (CSRC) examined and approved the purchase of 100% equity of Zoomlion Environmental Industry Co., Ltd. (hereinafter referred to as “Zoomlion-Enviro”) by Infore Environment Technology Group Stock Co.Ltd. (hereinafter referred to as “Infore Enviro)  by means of issuing shares.
 
 After acquisition of Universtar Science & Technology (Shenzhen) Co., Ltd. and holding Shenzhen Green Oriental Environmental Protection Co., Ltd., Infore Enviro has basically realized the layout of the whole industrial chain in the environmental protection industry, and extended its  business to many fields including environmental monitoring, solid waste treatment, atmospheric treatment, water environment treatment, high-end equipment manufacture and integrated operation services. The approval of the merger and acquisition of Zoomlion-Enviro indicates that Infore Enviro will formally enter the integrated service area of sanitation equipment and sanitation operations and become one of the comprehensive environmental protection private enterprises with the most comprehensive environmental protection industrial clusters in China.
 
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 For Infore Enviro, this is an important step to make full use of the capital operation platform to expand and improve its strategic framework of “a comprehensive environmental service provider of the whole industry chain". With the research and development strength of the target company, the listed company is getting admission tickets to the AI field. In the future, such digital, networked and intelligent environmental protection equipment technologies will be applied not only to the sanitation field, but further to the whole industry chain of environmental protection industry, which conforms to the trend that all walks of life are stepping into the intelligent era.
 
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 The target company Zoomlion-Enviro is an integrated sanitation service provider integrating research and development, production and sales of sanitation equipment and providing sanitation operation services. It is the corporate champion of specialized sanitation equipment and one of the major suppliers of sanitation operation services in China. In the field of sanitation equipment, Zoomlion-Enviro has mastered a plurality of industry-leading technologies like development of new energy sanitation equipment, development of sanitation intelligent operation robots, development of unmanned sanitation equipment and so on. It has a perfect industrial chain and product system of sanitation equipment and can meet diverse requirements for customized sanitation equipment all over the country. In the field of sanitation services, Zoomlion-Enviro has also developed and applied such technologies as intelligent sanitation cloud platform, which can effectively improve the operational efficiency and quality of sanitation services. The implementation of a series of environmental protection policies launched by the government such as "Entrepreneurship and Innovation Cities", " Construction of Beautiful Villages" and “Defending the Blue Sky” will inevitably stimulate and release wider market. It is just the right time for leading innovation like Infore Enviro to seize this critical moment to incorporate Zoomlion-Enviro into the listed company and propose to further strengthen investment in research and development of sanitation robots.
 
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("I&Z ROBOT 2.0" sanitation intelligent operation robot)
 
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(Unmanned Road Sweeper)
 
 According to the restructuring plan, the listed company will hold 100.00% equity of Zoomlion-Enviro through this transaction, and Zoomlion-Enviro will become a wholly-owned subsidiary of the listed company and be included in the scope of consolidated statements. In the profit commitment period of 2018, 2019 and 2020, other eight shareholders such as Ningbo Infore promise that the consolidated statements realized by Zoomlion-Enviro which, after deduction of non-recurring profit and loss, shall be no less than 997 million yuan, 1.230 billion yuan and 1.495 billion yuan respectively, with the cumulative net profit no less than 3.722 billion yuan, will belong to the parent company. It will improve the profitability of the listed company after inclusion of Zoomlion-Enviro into its consolidation scope.
 
 The combination of Infore Enviro and Zoomlion-Enviro is an important measure taken in accordance with such great national policies as "Lucid Waters and Lush Mountains" and "Beautiful China", which demonstrates the firm confidence of the enterprise to conform to the trend of the times and develop environmental protection industry. Merger&Acquisition of the corporate champion in the sanitation industry which stands on solid ground to make products, pursue innovation and provide quality services further manifests the “doer” enterprise style of Infore Enviro.
 
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 In the future, Infore Enviro will steadfastly keep on intensifying innovation, improving core competence of the enterprise and spreading remarkable enterprise operation capacity into the development of China's environmental protection industry, make contributions to the development of China's environmental protection industry and to the realization of "Lucid Waters and Lush Mountains" and "Beautiful China”, and strive for a brighter future!