Xinyi Energy Holdings Limited (03868) and Xinyi Solar Holdings Limited (00968) jointly announced the disposal of 51% equity interest in Xinyi Solar (Tianjin) to Tianjin Binhai CINE for a cash consideration of RMB514.59 million, subject to adjustments. The agreement was signed on 20 November 2025, and completion is expected by 31 December 2025.

Xinyi Solar (Tianjin) holds the Tianjin Huanggang Zone Solar Farm with an approved capacity of 174 MW. Under the terms of the transaction, the consideration is payable in three installments once certain conditions precedent are met. After completion, Xinyi Solar (Tianjin) will no longer be a subsidiary of these groups, and the remaining 49% equity interest will be accounted for using the equity method.

In connection with the transaction, Xinyi Energy anticipates an after-tax gain of approximately RMB161.22 million, while Xinyi Solar expects an after-tax gain of roughly RMB157.34 million. According to the announcement, Xinyi Energy will continue to manage the solar farm until an agreed termination and receive related service fees. Both companies state that the terms of the disposal are fair and in the interests of their respective shareholders.