China Shuifa Singyes Energy Holdings Limited (Stock Code: 750) has announced a major transaction involving the acquisition of 100% equity interest in Guizhou Xingye Green Energy Technology Co., Ltd. (“Target Company”) from two independent vendors, Beijing Jingyuntong Technology Co., Ltd. and its subsidiary, Beijing Shengyu Yuntong Photovoltaic Technology Co., Ltd. The total consideration for this acquisition is RMB600,000,000, comprising RMB216,025,300 in cash for the target equity interest and RMB383,974,700 for assuming and repaying the Target Company’s debts owed to the vendors.

According to the announcement, management expects the net assets of the group to increase by approximately RMB133 million upon completion, with a pre-tax gain of around RMB163 million. These figures are based on the cash consideration paid, the approximately RMB246 million appraised value of the Target Company’s equity interest, and RMB133 million in debts waived by the vendors. The company noted that the ultimate gain or loss will depend on the group’s actual financial position on completion.

The acquisition has also been positioned as a settlement proposal for existing litigation between the vendors, the Target Company, and Shuifa Green Energy Co., Ltd., a subsidiary of China Shuifa Singyes Energy. By acquiring the Target Company, China Shuifa Singyes Energy aims to resolve potential damage claims and eliminate asset preservation measures against the group’s funds and equity interests. Moreover, the transaction broadens the acquiring group’s renewable energy portfolio, which encompasses the design, construction, and maintenance of solar and wind power projects.

Under the Listing Rules, the acquisition constitutes a major transaction since one or more of the applicable percentage ratios exceed 25% but are below 100%. As allowed by the rules, the company will obtain written shareholder approval in lieu of convening a general meeting, given no shareholders are required to abstain from voting. The final circular with further details is anticipated to be dispatched on or before 31 January 2026, subject to a waiver application for the delay. The Target Company will become a wholly owned subsidiary of China Shuifa Singyes Energy upon completion.